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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 08:52 EDT
Craig-Hallum analyst Jason Kreyer notes that Rubicon Project (RUBI) and Telaria (TLRA) shares have "shot out of a cannon" since their announced merger nearly a month ago. The analyst believes the optimism in shares ties to the combined organization becoming a scaled-up ad tech platform poised to consolidate spend. Kreyer views the NewCo as a scaled platform company growing sales 20%-30% with about 25% EBITDA margins, and believes shares could continue to move higher. He has Buy rating on both names.
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