Canaccord Genuity Maintains Buy on Bandwidth, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Michael Walkley has maintained a Buy rating on Bandwidth (NASDAQ:BAND) and raised the price target from $38 to $40.
May 08, 2024 | 4:32 pm
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Canaccord Genuity analyst Michael Walkley has reaffirmed a Buy rating on Bandwidth and increased the price target from $38 to $40.
The upgrade in the price target by Canaccord Genuity reflects a positive outlook on Bandwidth's future performance. Such analyst actions often lead to increased investor confidence and can positively impact the stock price in the short term.
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