Analyst Joshua Reilly from Needham maintained a Buy rating on Bandwidth and keeping the price target at $20.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that highlight Bandwidth’s strong performance and future potential. The company reported a robust third quarter, surpassing revenue and EBITDA expectations, which indicates solid financial health and operational efficiency.
Furthermore, Bandwidth is successfully onboarding large customers and securing significant deals, contributing to the acceleration of voice revenue. The integration of AI and increased customer usage are expected to further enhance this growth trajectory. Additionally, the company’s platform, including Maestro, offers versatility to meet diverse customer needs, positioning Bandwidth well for future success. Reilly anticipates that the company’s progress towards its 2026 financial targets could lead to revenue outcomes that exceed current projections.
Reilly covers the Technology sector, focusing on stocks such as Jamf Holding, Tyler Technologies, and HubSpot. According to TipRanks, Reilly has an average return of 0.5% and a 39.85% success rate on recommended stocks.