Bandwidth Inc (BAND) Gets a Buy Rating from KeyBanc

KeyBanc analyst Brent Bracelin maintained a Buy rating on Bandwidth Inc (BANDResearch Report) yesterday and set a price target of $64. The company’s shares closed yesterday at $48.54.

Bracelin commented:

“We are maintaining our $64 price target based on a target EV/S multiple of 4.5x on CY20 estimates vs. peers of ~7x. This assumes BAND executes on a promising Voice API opportunity and expanding voice and 911 usage at key customers, including and RingCentral.”

According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 25.7% and a 76.3% success rate. Bracelin covers the Technology sector, focusing on stocks such as Salesforce.com, Everbridge Inc, and Veeva Systems.

Currently, the analyst consensus on Bandwidth Inc is a Moderate Buy with an average price target of $55.

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The company has a one-year high of $57.50 and a one-year low of $20.20. Currently, Bandwidth Inc has an average volume of 107.4K.

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Bandwidth, Inc. provides business communications services. It offers data Internet, voice/voice over Internet protocol, messaging. managed network, and conferencing services. The firm serves the telecom needs of small and medium businesses. It operates through the following business segments: CPaaS and Other.

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