B. Riley raised the firm’s price target on Taboola to $6 from $5 and keeps a Buy rating on the shares. Following conversations with the company, the analyst says management reiterated confidence in FY24 financial targets and the firm looks forward to a re-rating as investors gain confidence in “the significant 2024 EBITDA inflection” as well as the longer-term trajectory.
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Read More on TBLA:
- Taboola management to meet with JMP Securities
- Taboola announces new, five-year deal with NBCUniversal
- Taboola sees FY23 revenue $1.438B-$1.469B, consensus $1.45B
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- Taboola Beats High End of Guidance in Q3 On All Metrics, Raises Adj. EBITDA and Non-GAAP Net Income Guidance for 2023
