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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on BAND:
- Bandwidth sees FY23 revenue $576M-$584M, consensus $613.26M
- Bandwidth sees Q1 revenue $132M-$134M, consensus $144.8M
- Bandwidth reports Q4 adjusted EPS 19c, consensus 4c
- Bandwidth Announces Fourth Quarter and Full Year 2022 Financial Results
- Bandwidth price target raised to $29 from $21 at KeyBanc
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue