Crexendo price target raised to $9 from $8.50 at Lake Street

Group 1 - Lake Street raised the price target on Crexendo (CXDO) to $9 from $8.50 while maintaining a Buy rating on the shares [1] - The acquisition of ESI for $35 million is the company's largest since 2021, indicating a strategic move towards larger targets compared to typical reseller deals of $5 million to $10 million [1] - Analysts believe that the acquisition was made at a good price and that the company's increased scale will lead to improved leverage [1]