Crexendo price target raised to $7 from $5.50 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on Crexendo to $7 from $5.50 and keeps a Buy rating on the shares after the company posted what the firm calls “another solid quarter.” Encouraging Q4 bookings momentum continued in January and February, says the firm, which remains comfortable with its 10% growth assumption for FY24 and adds that its estimates “could prove conservative.”