Kaleyra (KLR) Receives a Buy from Oppenheimer


In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on Kaleyra (KLR), with a price target of $12.00. The company’s shares closed last Monday at $6.90.

According to TipRanks.com, Horan is a top 100 analyst with an average return of 17.4% and a 71.4% success rate. Horan covers the Technology sector, focusing on stocks such as GTT Communications, Lumen Technologies, and Limelight Networks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kaleyra with a $14.50 average price target.

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Based on Kaleyra’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $31.2 million and GAAP net loss of $8.13 million. In comparison, last year the company had a GAAP net loss of $114K.

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GigCapital, Inc. is an emerging growth company. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses. The company was founded by Avishay S. Katz on October 9, 2017 and is headquartered in Palo Alto, CA.

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