Joshua Reilly, an analyst from Needham, maintained the Buy rating on Audiocodes. The associated price target remains the same with $12.50.
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Joshua Reilly has given his Buy rating due to a combination of factors influencing Audiocodes’ performance and future prospects. Despite the company reporting revenue and EBITDA slightly below expectations, Reilly views these results positively, considering the challenges posed by tariff uncertainties. The demand for Audiocodes’ products, particularly in the Conversational AI space, remains stable, which is a key driver for the company’s growth.
Moreover, while there is a shift from physical SBCs to managed services, the overall demand for hardware products is steady, leading to an increase in product revenue estimates for the latter half of 2025. The introduction of ‘Meeting Insights On Premise’ is another factor contributing to the Buy rating, as it is expected to appeal to highly regulated industries, potentially opening new market opportunities for Audiocodes.