Bandwidth price target lowered to $22 from $25 at Barclays

Barclays lowered the firm’s price target on Bandwidth (BAND) to $22 from $25 and keeps an Overweight rating on the shares following the Q4 report. The firm says the macro environment is likely the key upside lever for Bandwidth’s near-term growth algorithm, though it expects that enterprise voice artificial intelligence use cases could support upside over time.