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TBLABearishAnalyst Ratingnews
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Taboola's Fiscal 2024 Revenue and Earnings Estimates Cut by This Analyst Despite Strong Q2 Projections - Here's Why

Jul 5, 2024, 2:36 PM EDT1 sourcesAI-analyzed

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Analyst maintained TBLA with Buy rating and lowered price target to $5. Lowered revenue and earnings estimates for fiscal years 2024 and 2025. Concerns about longer integration time for Yahoo's demand side into Taboola's system. Maintained estimates for fiscal 2024 second quarter but adjusted second half estimates. Cut fiscal 2025 revenue and EPS estimates due to lower projections.

  • Analyst maintained TBLA with Buy rating and lowered price target to $5.
  • Lowered revenue and earnings estimates for fiscal years 2024 and 2025.
  • Concerns about longer integration time for Yahoo's demand side into Taboola's system.
  • Maintained estimates for fiscal 2024 second quarter but adjusted second half estimates.
  • Cut fiscal 2025 revenue and EPS estimates due to lower projections.

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