Robert W. Baird Reaffirms Their Buy Rating on Vonage Holdings (VG)


In a report released today, William Power from Robert W. Baird reiterated a Buy rating on Vonage Holdings (NYSE: VG), with a price target of $15. The company’s shares opened today at $13.24, close to its 52-week high of $13.76.

According to TipRanks.com, Power is a 5-star analyst with an average return of 14.5% and a 65.2% success rate. Power covers the Technology sector, focusing on stocks such as RingCentral, Twilio Inc, and LogMeIn.

Currently, the analyst consensus on Vonage Holdings is a Strong Buy with an average price target of $15.40, representing a 16.3% upside. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $15 price target.

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The company has a one-year high of $13.76 and a one-year low of $6.85. Currently, Vonage Holdings has an average volume of 1.51M.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is neutral on the stock.

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Vonage Holdings Corp. engages in the provision of communication services through cloud-connected devices. It operates through the Business and Consumer segments.

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