Bandwidth’s Strong Market Position and Financial Potential Highlighted in Buy Rating by Patrick Walravens

Analyst Patrick Walravens of JMP Securities maintained a Buy rating on Bandwidth (BAND – Research Report), with a price target of $36.00.

Patrick Walravens has given his Buy rating due to a combination of factors that highlight Bandwidth’s strong market positioning and financial potential. Despite a slight deceleration in growth and mixed guidance, Bandwidth’s global cloud communications platform is leading in the industry with coverage in over 65 countries, making it well-suited to support emerging voice AI applications. The company’s market opportunity is substantial, valued at around $17 billion, indicating significant room for growth.
Furthermore, the leadership team, including CEO Dave Morken, CFO Daryl Raiford, and CPO John Bell, is highly regarded, and the company has demonstrated strong financial management by improving its balance sheet. Bandwidth’s stock is attractively valued at low multiples relative to its projected 2026 earnings, suggesting potential upside, especially if the company continues to capitalize on its market opportunities and manage its financials effectively.