Here's Why Yext (YEXT) Could be Great Choice for a Bottom Fisher

Core Viewpoint - Yext (YEXT) shares have recently declined by 5.7% over the past two weeks, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottom, suggesting that selling pressure may be subsiding [2][5]. - This pattern typically forms during a downtrend, where the stock opens lower, makes a new low, but then closes near or above the opening price, indicating buying interest [4][5]. - Hammer candles can appear on various timeframes and are utilized by both short-term and long-term investors [5]. Fundamental Analysis - There is a strong consensus among Wall Street analysts to raise earnings estimates for Yext, which supports a bullish outlook for the stock [2][7]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 300%, indicating that analysts expect better earnings than previously predicted [8]. - Yext currently holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10].