Outbrain price target raised to $6 from $5.50 at B. Riley

B. Riley raised the firm’s price target on Outbrain (OB) to $6 from $5.50 and keeps a Neutral rating on the shares. Outbrain announced the closing of its previously announced acquisition of Teads, with the final transaction value of about $900M, which comprises cash and common equity, the analyst tells investors in a research note. With distractions from the proposed merger now largely in the rearview mirror, management expressed confidence in stabilizing the go-to-market organization in the coming quarters, the firm says.