Outbrain price target raised to $6 from $4 at Citi

Citi analyst Ygal Arounian raised the firm’s price target on Outbrain to $6 from $4 and keeps a Neutral rating on the shares. The company reported better than expected Q2 results, though primarily on profitability as it raised fiscal year guidance there while maintaining net revenue guidance, the analyst tells investors in a research note. Citi is waiting for a more meaningful growth inflection point.