Ribbon Communications price target lowered to $4 from $6 at Citizens

Citizens analyst Trevor Walsh lowered the firm’s price target on Ribbon Communications (RBBN) to $4 from $6 and keeps an Outperform rating on the shares. Ribbon Communications reported below expectations for Q4 results, a quarter where both project delays from existing deals in backlog as well as budgetary constraints led to lackluster results, and given the lingering uncertainty management is employing a far more prudent approach to guidance for FY26, which came in well below prior consensus expectations, the analyst tells investors in a research note. The stock can still re-rate in FY26 given the reset of expectations and potential for an improvement in the outlook over the course of the year, Citizens argues.