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Ooma price target lowered to $16 from $18 at Alliance Global Partners

Alliance Global Partners analyst Brian Kinstlinger lowered the firm’s price target on Ooma (OOMA) to $16 from $18 and keeps a Buy rating on the shares. The company’s Q1 revenue growth was hurt by the churn from its largest customer, International Workplace Group, the analyst tells investors in a research note. The firm believes Ooma’s catalyst to accelerated growth remains several quarters away.

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