Lake Street Boosts Crexendo Price Target to $9 on Strategic Acquisition and Scale Benefits
“Lake Street Capital has increased its price target on Crexendo (CXDO) from $8.50 to $9 while maintaining a Buy rating, citing the company’s recent $35 million acquisition of ESI as a value-accretive move that enhances scale, drives retail seat expansion, improves operating leverage, and supports stronger long-term margins in the cloud communications sector.” Lake Street … Read more