Equities research analysts at Morgan Stanley started coverage on shares of Bandwidth (NASDAQ:BAND) in a research report issued to clients and investors on Tuesday. The firm set an “overweight” rating and a $28.00 price target on the stock. Morgan Stanley’s target price points to a potential upside of 25.17% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Canaccord Genuity initiated coverage on shares of Bandwidth in a research note on Tuesday. They set a “buy” rating on the stock. Robert W. Baird initiated coverage on shares of Bandwidth in a research note on Tuesday. They set an “outperform” rating and a $28.00 target price on the stock. JMP Securities assumed coverage on shares of Bandwidth in a research note on Tuesday. They set an “outperform” rating and a $36.00 target price on the stock. Finally, KeyCorp assumed coverage on shares of Bandwidth in a report on Tuesday. They set an “overweight” rating and a $29.00 price target for the company. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $30.25.
Shares of Bandwidth (NASDAQ:BAND) traded up $0.15 on Tuesday, reaching $22.37. 50,800 shares of the company traded hands, compared to its average volume of 155,187. Bandwidth has a 1 year low of $18.05 and a 1 year high of $23.82.
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Bandwidth Company Profile
Bandwidth Inc, formerly Bandwidth.com, Inc, is a cloud-based communications platform-as-a-service provider (CPaaS) that enables enterprises to create, scale and operate voice or text communications services across any mobile application or connected device or enterprises. The Company has two operating and reportable segments, CPaaS and Other.
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