Canaccord Genuity initiated coverage on shares of Bandwidth (NASDAQ:BAND) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating and a $28.00 price target on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 24.17% from the stock’s previous close.

A number of other brokerages also recently commented on BAND. JMP Securities began coverage on Bandwidth in a research report on Tuesday. They issued an “outperform” rating and a $36.00 price objective for the company. KeyCorp began coverage on Bandwidth in a research report on Tuesday. They issued an “overweight” rating and a $29.00 price objective for the company. Finally, Robert W. Baird began coverage on Bandwidth in a research report on Tuesday. They issued an “outperform” rating and a $28.00 price objective for the company. Five analysts have rated the stock with a buy rating, Bandwidth presently has a consensus rating of “Buy” and a consensus price target of $29.80.

Bandwidth (BAND) opened at $22.55 on Tuesday. Bandwidth has a 1 year low of $18.05 and a 1 year high of $24.15.

In other Bandwidth news, major shareholder James A. Bowen sold 158,526 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $18.60, for a total transaction of $2,948,583.60. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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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.

Analyst Recommendations for Bandwidth (NASDAQ:BAND)

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