Analyst Joshua Reilly from Needham maintained a Buy rating on Crexendo and keeping the price target at $8.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that highlight Crexendo’s strong market position and growth prospects. The company reported a solid second quarter with revenue and non-GAAP EPS slightly exceeding expectations, indicating robust financial performance. Additionally, Crexendo added two new licensees, bringing the total to 240 active users on their platform, which underscores their expanding market presence.
Reilly believes that the pipeline for both telecom services and software solutions is strong as the company enters the second half of 2025. The acquisition of US Cellular by T-Mobile is expected to create additional opportunities for Crexendo’s telecom services, potentially boosting growth. Furthermore, internal improvements at Allegiant are anticipated to contribute to higher growth in telecom services in the latter half of 2025. Overall, these factors suggest that Crexendo is well-positioned to achieve low double-digit revenue growth, supporting the Buy rating.
According to TipRanks, Reilly is a 3-star analyst with an average return of 1.9% and a 44.13% success rate. Reilly covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, Bandwidth, and Clear Secure.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $6.50 price target.