Ryan Koontz, an analyst from Needham, reiterated the Buy rating on Kaltura. The associated price target remains the same with $3.00.
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Ryan Koontz has given his Buy rating due to a combination of factors including the promising potential of Kaltura’s recent acquisition, eSelf.ai. During a meeting with Kaltura’s CEO and CFO, Koontz was impressed by the capabilities of eSelf.ai’s AI avatars, which are among the few investable AI Avatar products available in the public markets.
The integration of eSelf.ai’s engineering team is seen as a strategic enhancement to Kaltura’s AI innovation efforts. Although still in the early stages, the successful expansion of Kaltura’s product offerings through this acquisition could significantly boost the company’s revenue growth, reinforcing the Buy rating.
In another report released on November 11, Canaccord Genuity also maintained a Buy rating on the stock with a $4.00 price target.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KLTR in relation to earlier this year.