Kaltura price target raised to $4 from $3 at Citizens JMP

Citizens JMP raised the firm’s price target on Kaltura (KLTR) to $4 from $3 and keeps an Outperform rating on the shares. Kaltura reported mostly better-than-expected Q4 results, and guidance was generally in line with expectations, but assumes flat subscription and total revenue growth next year, the analyst tells investors in a research note. While Kaltura’s growth remains muted at 3% this quarter, and it will likely take some time for it to get back to Rule of 30, Citizens JMP views the company as an attractive opportunity for long-term capital appreciation.