We consider Taboola.com a potential Buy opportunity for retail value investors over the long term; the digital marketing industry driven by AI is having phenomenal growth. Despite the stock's volatility, Taboola shows signs of growing profitability, revenue, and positive EPS over the next few quarters. Valuation metrics suggest room for price appreciation, with a fair price estimate of $3.38-$3.70, potentially reaching $5 within six months.
Taboola.com Ltd. (NASDAQ:TBLA ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Jessica Kourakos – Head-Investor Relations Adam Singolda – Founder and Chief Executive Officer Steve Walker – Chief Financial Officer Conference Call Participants Laura Martin – Needham Jason Helfstein – Oppenheimer & Co. James Kopelman – TD Cowen Zach Cummins – B.
Taboola.com Ltd. (TBLA) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.06.
Taboola stock is undervalued with over 100% upside potential following a recent share price fall. Taboola has 600 million daily active users, a strong balance sheet, and has recently signed exclusive long-term contracts with Apple and Yahoo!. Taboola's business model focuses on providing recommendations to internet users, driving engagement and monetization.
Needham analyst Laura Martin maintained Taboola.com Ltd TBLA with a Buy and lowered the price target from $6 to $5. The stock is trading lower on Friday.