Needham Maintains Buy on AudioCodes, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on AudioCodes (NASDAQ:AUDC) and raises the price target from $16 to $18.
February 06, 2024 | 7:52 pm
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Needham analyst Ryan Koontz maintains a Buy rating on AudioCodes and raises the price target from $16 to $18.
The increase in price target by a reputable analyst suggests a positive outlook on the company's future performance, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100