Analyst Joshua Reilly of Needham maintained a Buy rating on Bandwidth, retaining the price target of $20.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that highlight Bandwidth’s potential for growth in the AI Voice sector. After attending the company’s REVERB25 conference, he noted the promising opportunities for expansion in Voice AI solutions, which are expected to drive revenue growth significantly over the next two years. The anticipated increase in voice volumes suggests a re-acceleration of growth that Bandwidth is well-positioned to capitalize on.
Additionally, Bandwidth’s ownership of a voice network enables it to offer low latency edge applications, which are crucial for advancing industry innovation. Other positive aspects include the potential in RCS messaging, the adoption of the Universal Platform, and the company’s confidence in meeting its second-half 2025 guidance, bolstered by new customer additions in the first half of the year.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAND in relation to earlier this year.