Stephens analyst Dmitry Netis maintained a Buy rating on Vonage Holdings (VG) today and set a price target of $14. The company’s shares opened today at $9.25.
Netis has an average return of 37.9% when recommending Vonage Holdings.
According to TipRanks.com, Netis is ranked #283 out of 5188 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vonage Holdings with a $14 average price target, which is a 51.4% upside from current levels. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $14 price target.
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Based on Vonage Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $9.59 million. In comparison, last year the company had a GAAP net loss of $55.27 million.
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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.
