Kaltura’s Strategic Acquisitions and Strong Q3 Performance Justify Buy Rating
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Needham analyst Ryan Koontz has maintained a Buy rating on Kaltura, setting a price target of $3.00. This rating is supported by Kaltura's strong Q3 performance, including raised full-year adjusted EBITDA guidance and twelve significant deals, five of which were driven by AI. Despite a slight decline in subscription revenue, the company's operational efficiency is highlighted. Kaltura's acquisition of eSelf.ai for $27 million aims to enhance its AI offerings, although Q4 revenue guidance is lower due to project delays. Overall, the focus on execution and growth supports the Buy rating.
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