ON24: Low Valuation And Ready For A 2H Rebound [Seeking Alpha]
ON24, Inc. (ONTF)
Company Research
Source: Seeking Alpha
Despite a challenging few years driven by customers pulling back on sales and marketing budgets, ON24 expects to return to sequential ARR growth in the second half of FY24. The company's new platform, ACE, is capable of generative AI functions such as creating transcripts and blogs from live events. The stock trades at just 0.3x its current ARR. For this reason, I'm initiating ON24 at a buy rating. The stock market keeps climbing to new highs, and against that backdrop, it's more crucial than ever to be judicious in picking uncorrelated stocks that can continue to do well even if the major indices retreat. Oftentimes, this means looking into turnaround plays that Recommended For You Recommended For You About ONTF Stock More on ONTF Related Stocks Trending Analysis Trending News
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News
- ON24 Celebrates 2024 Winners of the Digital Engagement Excellence Awards [Yahoo! Finance]Yahoo! Finance
- ON24 Celebrates 2024 Winners of the Digital Engagement Excellence AwardsBusiness Wire
- AI Adoption by Sales and Marketing Helps Drive Revenue Success Finds New ON24 Report [Yahoo! Finance]Yahoo! Finance
- AI Adoption by Sales and Marketing Helps Drive Revenue Success Finds New ON24 ReportBusiness Wire
- The Future of GTM is Here and It's Better Together with Teams, Tech, and Trust. [Yahoo! Finance]Yahoo! Finance
ONTF
Earnings
- 5/7/24 - Beat
ONTF
Sec Filings
- 6/25/24 - Form 4
- 6/25/24 - Form 4
- 6/25/24 - Form 4
- ONTF's page on the SEC website