Outbrain price target raised to $8 from $6 at JMP Securities

JMP Securities analyst Andrew Boone raised the firm’s price target on Outbrain to $8 from $6 and keeps an Outperform rating on the shares. With revenue improving throughout Q2 and into Q3, JMP Securities believes advertiser demand is stabilizing while cost discipline is expected to continue, the analyst tells investors in a research note. Outbrain is well positioned given its strong publisher adds since the beginning of 2021 while pricing gains are high-margin revenue and should further help Outbrain recover toward the 30% EBITDA margins it achieved in 2021, the firm argues.