TeamViewer drops 12% on deal to buy 1E from Carlyle for $720M By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
TeamViewer's Acquisition of 1E: TeamViewer AG has agreed to acquire London-based IT firm 1E for $720 million, with expectations that the deal will enhance its market position and contribute significantly to revenue by 2027.
Market Reaction and Analyst Insights: Following the announcement, TeamViewer's shares dropped 12%, reflecting investor concerns about the company's growth trajectory and the high cost multiple of the acquisition compared to its core operations.
Analyst Views on TMV
Wall Street analysts forecast TMV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TMV 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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 36.690
Low
Averages
High
Current: 36.690
Low
Averages
High
No data
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.
