Bandwidth price target lowered to $25 from $30 at Barclays

Barclays analyst Ryan MacWilliams lowered the firm’s price target on Bandwidth to $25 from $30 and keeps an Overweight rating on the shares following the Q4 results. The company’s path forward is centered around improving future operating leverage off past investments, which will become more evident when the macro rebounds, the analyst tells investors in a research note.