Yext Q3 revenue misses analyst expectations
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Yext's fiscal Q3 revenue fell 2% year-over-year to $112 million, missing analyst expectations. Adjusted net income slightly beat estimates. The company is reviewing a non-binding acquisition proposal, impacting strategic decisions. Operating expenses decreased, contributing to positive net income. Analysts rate the stock as "buy," with a median price target of $9.75. The stock trades at 15 times next 12-month earnings, down from a P/E of 16 three months ago.
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