ShiftPixy's Big AI Move: Supercharges Workforce Management With $150M TurboScale Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
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Source: Benzinga
ShiftPixy Acquires TurboScale: ShiftPixy, Inc. has acquired AI technology company TurboScale for $150 million, which includes $75 million in stock and $75 million in debt, aiming to enhance its workforce management capabilities with AI-powered features.
Stock Performance and Future Plans: Following the acquisition, PIXY shares surged by 149.8% to $13.74, while the company plans to introduce new AI-driven tools by early 2025, despite having lost over 97% of its value in the past year.
Analyst Views on GABF
Wall Street analysts forecast GABF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GABF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 47.316
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Current: 47.316
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
