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.
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Read More on OB:
- Outbrain shareholders vote to support Teads acquisition
- Outbrain, Inc. Reports Strong Q3 2024 Results
- Outbrain reports Q3 EPS 1c, consensus 3c
- Outbrain sees Q4 adjusted EBITDA $15.0M-$18.5M
- Outbrain expands collaboration with Microsoft
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
