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Stock impact report

ON24: Becoming Positive On Earnings Beat, Re-Rating Catalysts (Rating Upgrade) [Seeking Alpha]

ON24, Inc. (ONTF) 
Company Research Source: Seeking Alpha
ONTF's net profit exceeded expectations, with cost optimization efforts expected to drive further margin upside. New drivers include a LinkedIn alliance and new AI-powered products, which support my favorable expectations of an eventual return to positive revenue growth. ONTF is trading at a significant EV/S discount to its peer; it is also the subject of a takeover offer as per management's recent disclosures. Thanmano/iStock via Getty Images I'm bullish on ON24, Inc. ( ONTF ) now. This name is deserving of a higher valuation multiple. Its third-quarter earnings came in better than what was expected. I have also identified a number of re-rating catalysts. My prior February 25, 2024, write-up More on my IG service Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e. buying assets at a discount e.g. net cash stocks, net-net Show less Read more
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