Ooma price target raised to $18 from $17 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on Ooma (OOMA) to $18 from $17 and keeps a Buy rating on the shares. After Ooma announced its intent to acquire FluentStream, the firm says the combination “offers the advantage of making a major upward revision to AEBITDA from Day 1 and opens the door to revenue synergies over the long term.” The firm, which sees the deal “checking the two most important boxes,” namely acquiring a highly profitable business and for a good price, rolled out revised FY27 estimates and raised its price target to reflect the accretive nature of the transaction.