Bandwidth price target raised to $20 from $18 at Barclays

Barclays analyst Ryan MacWilliams raised the firm’s price target on Bandwidth to $20 from $18 and keeps an Overweight rating on the shares post the Q2 results. Continued expansion with larger enterprise customers and a stabilized macro could support an improving second half of 2023 for the company, the analyst tells investors in a research note.