Needham Upgrades Radcom to Buy, Announces $14 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson upgraded Radcom (NASDAQ:RDCM) from Hold to Buy and set a price target of $14. This upgrade suggests a positive outlook on Radcom's stock.
January 25, 2024 | 10:15 am
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Radcom's stock has been upgraded by Needham from Hold to Buy with a price target of $14, indicating a bullish stance on the company's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or potential growth prospects for the company. The new price target of $14 implies a significant upside from the current trading price, which can attract investors and drive up the stock price.
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