Kaleyra Provides Business Update Post mGage Transaction

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Kaleyra (KLR) PT Raised to $20 at Oppenheimer, Bullish on mGage Deal Close

June 15, 2021 8:27 AM EDT

Oppenheimer analyst Timothy Horan raised the price target on Kaleyra (NYSE: KLR) to $20.00 (from $12.00) while maintaining a Outperform rating.

The analyst commented, "While we were restricted, KLR closed its acquisition of mGage, which we view as being both fundamentally attractive and accretive,... More