In a report released yesterday, Richard Davis from Canaccord Genuity reiterated a Buy rating on Bandwidth (BAND), with a price target of $95.00. The company’s shares closed last Monday at $76.09.
According to TipRanks.com, Davis is a top 25 analyst with an average return of 47.0% and a 87.8% success rate. Davis covers the Technology sector, focusing on stocks such as Bill.com Holdings, Salesforce, and ServiceNow.
Currently, the analyst consensus on Bandwidth is a Strong Buy with an average price target of $75.75.
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Based on Bandwidth’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $1.01 million. In comparison, last year the company had a GAAP net loss of $1.29 million.
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Bandwidth, Inc. provides cloud-based 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.
