Barclays Maintains Underweight on AudioCodes, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ryan Macwilliams has maintained an Underweight rating on AudioCodes (NASDAQ:AUDC) but raised the price target from $10 to $12.

February 07, 2024 | 12:54 pm
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Barclays has maintained an Underweight rating on AudioCodes but increased the price target from $10 to $12.
While the Underweight rating suggests that Barclays has a cautious outlook on AudioCodes, the increase in the price target from $10 to $12 indicates a slightly more positive view on the company's potential future performance. This mixed sentiment might lead to neutral short-term price movement as investors digest both the caution and the optimism.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90