Analyst Ryan Koontz from Needham maintained a Buy rating on Radcom and keeping the price target at $18.00.
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Ryan Koontz has given his Buy rating due to a combination of factors, including Radcom’s strong quarterly performance, where the company exceeded revenue and earnings per share expectations. The management’s reaffirmation of a 15%-18% revenue growth guidance for fiscal year 2025 aligns with Koontz’s own estimate of 16.5%, indicating confidence in the company’s growth trajectory.
Furthermore, Radcom’s strategic integration with ServiceNow is expected to expand its access to a significant telecom customer base, enhancing its market position. Koontz also notes that Radcom is well-positioned to gain market share as operators continue to invest in 5G technology. Despite these positive indicators, Koontz believes Radcom remains undervalued compared to its peers, suggesting potential upside in the stock’s valuation.