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Fly News Breaks for November 7, 2019
CRCM
Nov 7, 2019 | 09:06 EDT
Craig-Hallum analyst Jason Kreyer raised his price target for Care.com to $13 from $9 following a Q3 beat and in-line guidance. In a research note to investors, Kreyer says Care@Work remains a key growth driver that is only scratching the surface of its potential, and he believes a sum of the parts analysis could value Care@Work as much as half the enterprise value. Kreyer keeps a Hold rating on the shares as he awaits leadership appointments and clarity on strategic direction.
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