Kaltura’s Strong Q1 Performance and Strategic Growth Outlook Justify Buy Rating

Needham analyst Ryan Koontz maintained a Buy rating on Kaltura (KLTR – Research Report) today and set a price target of $3.00.

Ryan Koontz has given his Buy rating due to a combination of factors including Kaltura’s strong first-quarter performance and optimistic future outlook. The company reported impressive subscription revenue growth and achieved its best operating margin since 2020. Significant deals closed during the quarter contributed to year-over-year growth in key financial metrics.
Despite a projected temporary revenue dip in the second quarter due to expected churn, Kaltura’s management has maintained its full-year revenue guidance, showcasing confidence in their strategic goals. The company’s progress towards doubling EBITDA by fiscal year 2026 and achieving the ‘rule of 30’ further supports the Buy rating. Additionally, improved execution and potential consolidation in the enterprise video platform market are positive indicators for Kaltura’s future performance.