Hi @Kunleesp the WiseOwl report linked above definitely includes...

Hi @Kunleesp the WiseOwl report linked above definitely includes the Track Acquisition in its valuation. WiseOwl initiated coverage in February with a price target of $0.38, after the Track acquisition was announced they released a revised report in June with an estimate of $0.63 contingent on how they estimated the deal to be structured (they got pretty close) - this new target assumes the deal will go through, and bases the valuation on combined earnings. The most recent report, linked above, was released in September and reaffirms this target.

The CrowdMobile site has links to all of the reports in the investor section:
http://crowdmobile.com.au/research-report/