Benchmark Maintains Buy on Ooma, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Matthew Harrigan has maintained a Buy rating on Ooma (NYSE:OOMA) but lowered the price target from $18 to $15.

March 13, 2024 | 11:55 am
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NEUTRAL IMPACT
Benchmark analyst Matthew Harrigan maintains a Buy rating on Ooma but lowers the price target from $18 to $15.
The maintenance of a Buy rating suggests a positive outlook on Ooma's fundamentals, indicating potential growth or stability. However, the reduction in the price target could reflect a revised expectation of the company's future performance, possibly due to market conditions or company-specific factors not detailed in the article. This mixed signal could lead to short-term uncertainty among investors, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100