Investment bank Oppenheimer expects M&A activities to pick up, with companies like Zoom and Twilio being potential targets

China Finance Online
2024.08.06 05:51
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Investment bank Oppenheimer expects that due to market expectations of the Federal Reserve starting to cut interest rates in September, investment and M&A activities may pick up. The bank points out that the likelihood of Confluent, Dynatrace, Elastic NV, JFrog, SentinelOne, Twilio, and Zoom Video being acquired is moderate to high. Analysts believe that the potential transaction prices may be 40%-50% higher than their current valuations. In addition, GitLab and Rapid7 are also considered companies that may be acquired