27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Yext Inc (NYSE:YEXT) shares have outperformed the Nasdaq Composite Index year-to-date period, prompting KeyBanc Capital Markets to move to the sidelines.
The Analyst
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Analyst Brent Bracelin downgraded Yext from Overweight to Sector Weight.
The Thesis
The run in Yext shares in 2018 is warranted given improving investor optimism on sales productivity, as well as voice search and AI tailwinds, Bracelin said in the downgrade note.
KeyBanc sees a fair value of $20 for the shares versus a prior price target of $18, and Bracelin said the potential exists for further upside to the sell-side firm's 31-32 percent growth estimates for the second half of 2018.
KeyBanc's bull case rose from $24 to $25 in the event of an acceleration in revenue if the company gains share in a large total addressable market. The firm's bear case was hiked from $12 to $14.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Growth must accelerate in the second half to justify further multiple expansion, Bracelin said.
"We remain bullish on the medium-to-long-term potential for YEXT as a leading digital knowledge platform that is enabling brands to improve online customer experiences."
The Price Action
Yext shares have gained about 61 percent year-to-date.
The stock was sliding 5.12 percent to $18.36 at the time of publication Wednesday.
Related Links:
Piper Jaffray Sees 30% Upside To Twilio
Jefferies Upgrades Salesforce.com On Strong Customer Demand
Photo courtesy of Yext.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.