Needham raised the firm’s price target on Outbrain (OB) to $9 from $6 and keeps a Buy rating on the shares. The firm is adjusting its model after the company’s acquisition of Teads, expected to close in Q1, the analyst tells investors in a research note. Needham sees $30M of cost synergies from the deal within the first 24 months after closing.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OB: