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Fly News Breaks for January 8, 2020
JCOM
Jan 8, 2020 | 07:40 EDT
DA Davidson analyst Rishi Jaluria raised his price target for j2 Global to $115 from $110 and maintained a Buy rating after hosting investor meetings with CFO and President Scott Turicchi. In a research note to investors, Jaluria says his key takeaways from the meetings were that gaming continues to see success, BabyCenter helps extend the company's reach into the parenting space and internationally, VPN has helped drive cloud growth and is an area ripe for M&A, and that a McKinsey study affirmed j2's roll-up M&A strategy.
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