Kaltura (KLTR – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Patrick Walravens from JMP Securities remains neutral on the stock and has a $4.00 price target.
Patrick Walravens has given his Buy rating to Kaltura due to a combination of factors. He has taken into account the company’s improved operating losses, and its plans to achieve breakeven cash flow from operations by the second half of 2024. Moreover, he has factored in the company’s successful deal closing, including three seven-figure deals and twelve six-figure deals in this quarter. He also mentioned Kaltura’s ongoing multi-year partnership with Salesforce, which he believes, will lead to significant new opportunities for Kaltura.
In addition to these, Walravens considers the company’s modest valuation at 1.4x EV/2024 revenue to be a positive aspect. He also views the company as an appealing acquisition target for either a private equity firm or a strategic acquirer. Despite lowering the 2023 non-GAAP EPS estimate and acknowledging mixed results in this quarter, Walravens has maintained a Market Outperform rating and $4 price target on Kaltura, citing the company’s overall positive outlook.
KLTR’s price has also changed slightly for the past six months – from $1.760 to $1.810, which is a 2.84% increase.
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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
