Needham analyst Joshua Reilly maintained a Buy rating on Bandwidth (BAND – Research Report) today and set a 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 strong position in the Voice AI market. The company’s differentiation from traditional carriers and the increasing adoption of Voice AI applications by enterprises are significant drivers for growth. As businesses continue to integrate Voice AI for customer support and other purposes, Bandwidth is poised to benefit from the scaling volume of these applications.
Reilly also notes that the company’s financial targets for 2026 suggest a conservative outlook, which could provide a stable foundation for future growth. Additionally, discussions around the cross-selling of their Maestro product and strategic capital allocation, such as building cash reserves, further support the positive outlook. These elements together contribute to the expectation that Bandwidth’s voice forecasts for fiscal year 2025 are conservative, with a potential for an upward trajectory in the coming years.
According to TipRanks, Reilly is a 3-star analyst with an average return of 3.0% and a 48.09% success rate. Reilly covers the Technology sector, focusing on stocks such as Verint Systems, Tyler Technologies, and Bandwidth.