Bandwidth price target raised to $28 from $22 at Barclays

Barclays analyst Ryan MacWilliams raised the firm’s price target on Bandwidth to $28 from $22 and keeps an Overweight rating on the shares post the Q1 report. The company is capitalizing on the increased complexity of enterprise customer service use cases and winning larger enterprise deals with the support of its artificial intelligence offering, the analyst tells investors in a research note.