B. Riley Securities Reiterates Buy on Ooma, Lowers Price Target to $14.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Josh Nichols has reiterated a Buy rating on Ooma (NYSE:OOMA) but lowered the price target from $19 to $14.5.

March 06, 2024 | 1:35 pm
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B. Riley Securities reaffirms Buy rating on Ooma but reduces price target to $14.5.
While the reiteration of a Buy rating is positive, the reduction in price target from $19 to $14.5 could signal a tempered outlook on the company's future performance. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
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IMPORTANCE 75
RELEVANCE 100