Goldman Sachs analyst Gabriela Borges maintained a Hold rating on Kaltura (KLTR – Research Report) today and set a price target of $2.50.
Gabriela Borges’ Hold rating on Kaltura Inc.’s stock (KLTR) stems from a mix of factors. Kaltura recently reported a decent third quarter, with revenue up by 6% year-on-year and an adjusted EBITDA in the black for the first time since Q4 2020. However, Q4 revenue guidance was a touch lower than street estimates due to ongoing difficulties in the video industry. Additionally, net revenue retention (NRR) was at 101% for the quarter, an improvement on last year’s 96% and the previous quarter’s 100%.
On the other hand, the overall demand outlook remains inconsistent. Kaltura is projecting a quarter-on-quarter drop in subscription revenue in Q4. Until there’s clearer visibility on the demand situation and Kaltura’s potential to maintain stable, predictable growth, Borges is hesitant to upgrade her stance on the stock. Consequently, she maintains a Neutral rating and a $2.50 price target.
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Kaltura (KLTR) Company Description:
Kaltura Inc provides live and on-demand video SaaS solutions to thousands of organizations around the world, engaging hundreds of millions of viewers at home, at work, and at school. It also offers specialized industry solutions, including Learning Management System Video, Lecture Capture, and Virtual Classroom for educational institutions, as well as a TV Solution for media and telecom companies.
Read More on KLTR:
- Kaltura Announces Financial Results for Third Quarter 2023
- Kaltura Announces Virtually Live! 2023: Focused on How AI Is Making Marketing More Human – With Leading Experts from Salesforce, AWS, Google, VMware, Jasper, Adobe, Microsoft, HubSpot, and More
- Kaltura to Announce Financial Results for Third Quarter 2023 on Wednesday, November 8, 2023
- Kaltura management to meet virtually with Needham
- Kaltura and Reshet 13, Israel’s Leading Broadcaster, Expand Partnership & Launch Full End-to-End Cloud-TV Solution
