Piper Sandler Maintains Overweight Rating for Olo: Here's What You Need To Know

Piper Sandler has decided to maintain its Overweight rating of Olo OLO and lower its price target from $14.00 to $13.00.

Shares of Olo are trading up 6.34% over the last 24 hours, at $10.82 per share.

A move to $13.00 would account for a 20.09% increase from the current share price.

About Olo

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 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, Chili's, Dairy Queen, Denny's, and others.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.