RBC Capital analyst Matthew Hedberg maintained a Buy rating on Olo on Wednesday, setting a price target of $40, which is approximately 11.45% above the present share price of $35.89.
Hedberg expects Olo to post earnings per share (EPS) of -$0.63 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Olo, with an average price target of $41.
The analysts price targets range from a high of $44 to a low of $39.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $36.12 million and a net profit of -$7.47 million. The company's market cap is $5.29 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 34.3% and a 75.29% success rate.
Olo Inc powers digital ordering and delivery programs that connect restaurant brands to the on-demand world, placing orders directly into the restaurant through all order origination points - from a brand's own website or app, third party marketplaces, social media platforms, smart speakers, and home assistants. It serves as the on-demand ordering and delivery platform for over 400 brands, such as Applebee's, Checkers & Rally's, Cheesecake Factory (NASDAQ:CAKE), Chili's, Dairy Queen, Denny's (NASDAQ:DENN) and others.