Revenue of $45.6 million was lower than estimates of $45.8 million. “We believe the company has the ability to capture these deals in, which could point to revenue acceleration next year,” Hedberg said on Friday.įor the second quarter, Olo delivered 1 cent in profit per share versus a consensus of flat earnings among analysts tracked by He noted that most customers are delaying implementing Olo’s software, rather than choosing not to use it. RBC analyst Matthew Hedberg dropped his price target to $12 from $17, but continues to rate the stock at Outperform. With straightforward products, no-nonsense tools and support, we’re here to help you build your future, starting today. Furthermore, you can find the Troubleshooting Login Issues section which can answer your unresolved problems and equip you with a lot of relevant information. He has a Buy rating on the stock owing to expectations for solid growth and profitability in 2023. We’re a credit card company that puts you first. My Olo Dashboard Account LoginAsk is here to help you access My Olo Dashboard Account quickly and handle each specific case you encounter. Terry Tillman lowered his call to $16 from $25. (ticker: OLO) fell 29% to $9.30 on Friday morning.Īt least two analysts cut their target prices for the stock but maintained bullish ratings on the company. Said it didn’t see evidence of a consumer slowdown, but DoorDash said that while there was no sign that acquisitions of customers are slowing down, order volume could have been higher in a better environment for discretionary spending. Raised its forecast for full-year sales on Thursday, while DoorDash recently increased its full-year call for the gross value of orders handled via its marketplace. The call contrasts with recent commentary from the restaurant-technology company “Macroeconomic challenges at the brand and operator level have resulted in elongated deployment in sales cycles,” said Chief Financial Officer Peter Benevidas, referring to restaurants.
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