B. Riley raised the firm’s price target on QuinStreet to $11 from $9 and keeps a Neutral rating on the shares. QuinStreet reported Q1 revenue and EBITDA in line with expectations, and management struck a bullish tone regarding the potential for a 2024 recovery and inflection starting in January based on specific conversations with a broad-based set of auto insurance carrier customers, the analyst tells investors in a research note.
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>>
See today’s best-performing stocks on TipRanks >>
Read More on QNST:
- QuinStreet reports Q1 adjusted EPS (3c), consensus (4c)
- QNST Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Barrington upgrades QuinStreet to Outperform on recent pullback
- QuinStreet upgraded to Outperform from Market Perform at Barrington
- QuinStreet price target lowered to $9 from $10 at B. Riley