Crexendo

CXDO · NASDAQ

$5.88+$0.32 (+5.76%)TodayMarket closed · Oct 20, 5:08 PM ET

Prev close $5.56

CXDO analyst rating

BuyConsensus of 3 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $11.14 (+89.4% upside)

Low: $9.09
Now: $5.88
High: $12.60

Upgrades and downgrades

The latest rating actions, newest first

CXDO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
B. Riley Securities	Aug 5, 2026	Maintains	Buy	$10.00 → $9.00	44%
Needham	May 6, 2026	Maintains	Buy	$9.00 → $12.00	51%
Lake Street	Mar 3, 2026	Maintains	Buy	$8.50 → $9.00	48%
B. Riley Securities	Nov 5, 2025	Maintains	Buy	$7.50 → $8.00	44%
Needham	Oct 30, 2025	Maintains	Buy	$8.00 → $9.00	51%

The case for and against

Updated Apr 17, 2026

Bull case

Crexendo Inc has demonstrated strong financial performance with a total backlog of $87.9 million, reflecting a year-over-year growth of 13.6% alongside a quarter-over-quarter increase of 5.3%, indicating robust momentum across both its software and service segments. The company's service revenue reached $8.6 million, accounting for 49% of total sales, with an 8% year-over-year growth and a notable acceleration in the UCaaS business driven by a significant 28% year-over-year increase in master agent bookings. Furthermore, the software solutions segment achieved remarkable growth of 28% year-over-year to $7.5 million, supported by new customer acquisitions and a favorable competitive positioning, which collectively bolster a positive outlook for Crexendo's future performance.

Bear case

Crexendo Inc. is facing a challenging financial outlook characterized by a notable decline in devices revenue, which reported a 22% year-over-year decrease and a reduction in gross margin, indicating that management's strategic shift away from low-margin, labor-intensive opportunities may not yield positive results. Furthermore, potential economic headwinds, including weakness in the global economy, raise the risk of financial hardship for customers and may lead to a material deterioration in the company's performance amid reduced consumer spending and a downturn in GDP. Additionally, the company's reliance on successful execution of its restructuring and M&A strategies creates further uncertainty, with risks associated with technology errors and data breaches that could disrupt services and increase operational costs.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.