Needham Believes Audiocodes Ltd (NASDAQ: AUDC) Won’t Stop Here

In a report released yesterday, Richard Valera from Needham reiterated a Buy rating on Audiocodes Ltd (NASDAQ: AUDC), with a price target of $10. The company’s shares opened today at $9.06, close to its 52-week high of $9.35.

Valera has an average return of 23.8% when recommending Audiocodes Ltd.

According to TipRanks.com, Valera is ranked #671 out of 4835 analysts.

The the analyst consensus on Audiocodes Ltd is currently a Moderate Buy rating.

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The company has a one-year high of $9.35 and a one-year low of $6.15. Currently, Audiocodes Ltd has an average volume of 53.96K.

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AudioCodes Ltd. engages in the design, development, and sale of voice-over-internet protocol (VoIP), converged VoIP, and data networking products and communications applications for service providers and enterprises.