KeyBanc analyst Thomas Blakey raised the firm’s price target on Bandwidth to $21 from $16 and keeps an Overweight rating on the shares post a solid beat on Q4 and a raise to 2024 top line. The firm notes management was bullish on its 2024 outlook as macro headwinds abate and stated visibility is strong related to its guide as pipeline has reached record levels, driven in part by AI-like CCaaS, UCaaS commentary from peers, supporting KeyBanc’s bullish view.
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Read More on BAND:
- Bandwidth Inc Enhances CEO’s Severance Terms in Employment Agreement
- Bandwidth Announces Fourth Quarter and Full Year 2023 Financial Results, Exceeding Revenue and Profitability Guidance
- Bandwidth (BAND) Q4 Earnings Cheat Sheet
- Bandwidth price target raised to $16 from $14 at KeyBanc
- Bandwidth price target raised to $14 from $13 at Piper Sandler
