Morgan Stanley Believes Bandwidth Inc (NASDAQ: BAND) Still Has Room to Grow

Morgan Stanley analyst Meta Marshall maintained a Buy rating on Bandwidth Inc (NASDAQ: BAND) today and set a price target of $40. The company’s shares closed yesterday at $35.06, close to its 52-week high of $35.89.

According to TipRanks.com, Marshall is a 2-star analyst with an average return of 0.6% and a 64.7% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, CommScope Holding, and Lumentum Holdings.

Currently, the analyst consensus on Bandwidth Inc is Strong Buy and the average price target is $36.40, representing a 3.8% upside.

In a report issued on April 24, Dougherty also maintained a Buy rating on the stock with a $40 price target.

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The company has a one-year high of $35.89 and a one-year low of $18.05. Currently, Bandwidth Inc has an average volume of 109K.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BAND in relation to earlier this year.

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Bandwidth, Inc. provides business communications services. It offers data Internet, voice/voice over Internet protocol, messaging. managed network, and conferencing services. The firm serves the telecom needs of small and medium businesses. It operates through the following business segments: CPaaS and Other.