Cowen raised the firm’s price target on Taboola to $6 from $5 and keeps an Outperform rating on the shares. The analyst said 4Q results were as expected with gross revenue and EBITDA in line with our estimates. 2023 topline guide was above but EBITDA guide came in well below on investments in growth areas and Yahoo integration.
Published first on TheFly
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Read More on TBLA:
- Winning Earnings Report Can’t Salvage Taboola
- Taboola sees FY24 adjusted EBITDA ‘at least’ $200M, $100M free cash flow
- Taboola sees FY23 revenue $1.42B-$1.47B, consensus $1.42B
- Taboola Meets Guidance for Q4 and FY2022; Guiding for Positive Free Cash Flow in 2023 and $100M+ in 2024 (partial Yahoo rollout)
- Taboola sees Q1 revenue $299M-$325M, consensus $325.93M
