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Zacks Investment Research Upgrades Yext (NYSE:YEXT) to Buy

Zacks Investment Research upgraded shares of Yext (NYSE:YEXT – Get Rating) from a hold rating to a buy rating in a report issued on Saturday morning, Zacks.com reports. The brokerage currently has $6.50 target price on the stock. According to Zacks, “Yext, Inc. provides digital media technology services. It offers advertising, monetization, phone and directory […] ....

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Yext, Inc. Announces Fourth Quarter and Full Year Fiscal 2021 Results


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NEW YORK, March 3, 2021 /PRNewswire/ Yext, Inc. (NYSE: YEXT), today announced its results for the three months ended January 31, 2021, or the Company s fourth quarter of fiscal 2021, and the fiscal year ended January 31, 2021.
I m incredibly proud of what we accomplished in an unprecedentedly challenging year. Despite major headwinds caused by lockdowns, our full year fiscal 2021 revenue increased 19% year-over-year, and we drove significant efficiencies in our business. We also overhauled our sales motion to lead with our category-disrupting Answers site search product and successfully generated demand and closed deals while working entirely remotely, said Howard Lerman, Founder and CEO of Yext. We re on a mission to disrupt keyword-based search, and in fiscal year 2022 we ll continue to expand our search platform to bring better, faster, and cheaper solutions to meet the different needs in the market. ....

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