Analyst William Power from Robert W. Baird maintained a Hold rating on Bandwidth and keeping the price target at $15.00.
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William Power has given his Hold rating due to a combination of factors related to Bandwidth’s current market position and strategic initiatives. The company is making strides in the AI communications space, particularly with its Voice AI Edge Platform, which offers flexibility and integration capabilities for customers. This innovation is promising, but the market is becoming increasingly competitive with numerous voice AI startups emerging.
Additionally, Bandwidth’s international expansion efforts and partnerships with major companies like Salesforce and Genesys highlight its potential for growth. However, the speculative risk associated with the stock and the current market conditions suggest a cautious approach. Thus, while there are positive developments, the overall risk and competition in the sector justify a Hold rating at this time.
Based on the recent corporate insider activity of 76 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.