Northland analyst Tim Savageaux named Ribbon Communications a top pick for 2023, citing his belief that shares are "set for a strong rebound from extremely depressed valuation levels" after a challenging 2022. Savageaux, who forecasts strong growth and EBITDA breakeven in IP Optical stemming from recent Tier 1 wins, has an Outperform rating and $5 price target on Ribbon shares.
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Published first on TheFly
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