Bandwidth price target raised to $16 from $14 at KeyBanc

KeyBanc analyst Thomas Blakey raised the firm’s price target on Bandwidth to $16 from $14 and keeps an Overweight rating on the shares. Entering the new year, KeyBanc sees many of the infrastructure trends that took rise in 2023 continuing in 2024, which should benefit infrastructure technology and software companies, the analyst tells investors in a research note.