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Bandwidth price target lowered to $15 from $20 at Baird
The Fly

Bandwidth price target lowered to $15 from $20 at Baird

Baird analyst William Power lowered the firm’s price target on Bandwidth to $15 from $20 and keeps a Neutral rating on the shares. The analyst noted they reported solid Q1 results, with revenue slightly better and adjusted EBITDA right in line. The company maintained prior 2023 guidance, though Q2 guidance was slightly mixed, with solid revenue, but slightly lower adjusted EBITDA.

Published first on TheFly

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