Piper Sandler analyst Clarke Jeffries raised the firm’s price target on Olo to $8 from $7 and keeps an Overweight rating on the shares. The firm notes Olo reported Q4 results ahead of consensus expectations, with a 7% revenue beat and 6% EBIT beat, and with growth reaccelerating to 27% driven by a large Enterprise win with Waffle House and continued traction with Olo Pay, which ended the year at $30M.
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