Truist raised the firm’s price target on Olo to $10 from $8 and keeps a Buy rating on the shares. The company reported a solid 2023 finish with accelerating revenue and key wins across customer segments, the analyst tells investors in a research note. The outlook for Olo reflects further average revenue per user expansion, a doubling of Olo Pay contribution vs. 2023, and gross profit dollar growth troughing and reaccelerating in 2025, the firm added.
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