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Outbrain (OB) Receives a Buy from JMP Securities

JMP Securities analyst Andrew Boone maintained a Buy rating on Outbrain (OBResearch Report) yesterday and set a price target of $9.00. The company’s shares closed yesterday at $5.13.

Boone covers the Technology sector, focusing on stocks such as Taboola.com, Meta Platforms, and Alphabet Class A. According to TipRanks, Boone has an average return of -16.5% and a 31.03% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Outbrain with a $8.10 average price target, implying a 57.89% upside from current levels. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $7.00 price target.

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OB market cap is currently $387.9M and has a P/E ratio of -31.98.

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Outbrain Inc is a platform powering the open web that matches audiences with personalized content and ads, driving quality engagement. Its platform delivers ads to end-users that appear as links to articles, products, and videos on media partners’ sites. It derives revenue primarily from advertisers through user engagement with the ads that it places on media partners’ web pages and mobile applications. The company generates the vast majority of its revenues from Europe, the Middle East, and Africa followed by the USA and others.

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