Baird analyst Rob Oliver raised the firm’s price target on On24 (ONTF) to $8.10 from $6 and keeps a Neutral rating on the shares. The firm raised its target after the company entered into an agreement to be acquired by Cvent for $400M or $8.10 per share in cash.
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Read More on ONTF:
- On24 price target raised to $8.10 from $6 at Canaccord
- ON24 to Be Acquired by Cvent in All-Cash Deal
- Maintaining Hold on ON24: Fair Takeover Valuation by Cvent Limits Upside but Provides Attractive Exit for Shareholders
- Hold Rating on ON24 Reflects Rich Cvent Takeout Valuation and Limited Upside Beyond Deal-Closure Risk
- Midday Fly By: Meta buys AI startup Manus, Cvent to acquire On24
