BTIG thinks Care.com (NYSE:CRCM) could see a 34% upside at the midpoint in a takeover, following last week’s Bloomberg report that the company was working with advisors on a strategic review.
Analyst Marvin Fong sees a 55-60% likelihood of a deal and sees IAC and Internet Brands as logical buyers.
BTIG maintains a Buy rating and $13 price target on CRCM. The company has a Hold average Sell Side rating.
Care.com shares are up 9.9% pre-market to $12.29.
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