Citi raised the firm’s price target on Outbrain to $5 from $4.10 and keeps a Neutral rating on the shares. Outbrain delivered solid Q1 results with ex-TAC in line and adjusted EBITDA slightly ahead as it reiterated full-year guidance, the firm said in a research note on Friday. Q2 is seeing continued headwinds, however, from a large supply partner that is somewhat offsetting, added Citi.
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