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Radcom’s Strong Performance and Strategic Moves Lead to Buy Rating and Increased Price Target

Radcom’s Strong Performance and Strategic Moves Lead to Buy Rating and Increased Price Target

Ryan Koontz, an analyst from Needham, maintained the Buy rating on Radcom (RDCMResearch Report). The associated price target was raised to $18.00.

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Ryan Koontz has given his Buy rating due to a combination of factors including Radcom’s impressive quarterly performance and its promising future outlook. The company has surpassed consensus expectations for both revenue and earnings per share, with a notable revenue growth forecast for 2025 that exceeds previous estimates.
Additionally, Radcom is benefiting from increased investments in 5G stand-alone core networks, positioning itself for potential market share gains. The integration with ServiceNow is also seen as a strategic move that could attract significant telecom customers, further supporting the positive outlook. Consequently, Koontz has raised the price target for Radcom’s stock, reflecting his confidence in the company’s growth trajectory.

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