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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100