Forecasting The Future: 4 Analyst Projections For Bandwidth
Portfolio Pulse from Benzinga Insights
In the latest quarter, 4 analysts provided mixed ratings for Bandwidth (NASDAQ:BAND), with an average 12-month price target of $24.25, reflecting a 12.79% increase from the previous target. The company's financial performance shows a revenue growth rate of 2.49% as of September 30, 2023, a net margin of -3.37%, an ROE of -1.79%, an ROA of -0.52%, and a debt-to-equity ratio of 2.31, indicating strong profitability, effective cost management, and a sound financial structure.
February 29, 2024 | 9:01 pm
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POSITIVE IMPACT
Bandwidth's mixed analyst ratings and increased price target suggest a positive outlook, supported by strong financial performance indicators such as revenue growth and profitability.
The increase in the average price target by analysts, along with Bandwidth's reported revenue growth and profitability metrics, suggests a positive sentiment among analysts. This, combined with the company's effective cost management and sound financial structure, could lead to a positive short-term impact on BAND's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100