A Closer Look at 6 Analyst Recommendations For Bandwidth
Portfolio Pulse from Benzinga Insights
Bandwidth (NASDAQ:BAND) has been analyzed by six analysts, revealing a range of ratings from bullish to bearish. The average 12-month price target has increased by 15.79% to $29.33. Recent analyst actions include both upgrades and downgrades, reflecting varied sentiments about the company's future performance.
August 02, 2024 | 1:00 pm
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Bandwidth has received mixed analyst ratings, with a notable increase in the average 12-month price target to $29.33. Recent actions include upgrades from Keybanc, Barclays, JMP Securities, Canaccord Genuity, and Baird, and a downgrade from Morgan Stanley.
The increase in the average 12-month price target and multiple upgrades suggest a positive outlook for Bandwidth. However, the downgrade from Morgan Stanley indicates some caution. Overall, the sentiment leans towards a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100