Needham Reiterates Buy on AudioCodes, Maintains $16 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ryan Koontz has reiterated a 'Buy' rating on AudioCodes (NASDAQ:AUDC) and maintained a price target of $16.
August 04, 2023 | 10:44 am
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Needham analyst Ryan Koontz has reiterated a 'Buy' rating on AudioCodes, maintaining a price target of $16.
The reiteration of a 'Buy' rating by a Needham analyst, along with the maintenance of a $16 price target, indicates a positive outlook for AudioCodes. This could potentially lead to an increase in investor confidence and a positive impact on the stock's price in the short term.
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