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Fly News Breaks for November 13, 2018
CRCM
Nov 13, 2018 | 16:24 EDT
BTIG analyst Marvin Fong started Care.com with a Buy rating and $23 price target. The analyst sees the company benefiting from a "durable care supercycle," driven by the aging populace, more working parents, and shift in employer-provided family benefits. The analyst believes there is upside if Care.com can reactivate some of its millions of dormant users and views the current valuation as "undemanding."
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