Citizens JMP Reiterates Market Outperform Rating on Bandwidth Inc. (BAND)

Citizens JMP analyst Patrick Walravens reiterated a Market Outperform rating and $36.00 price target on Bandwidth Inc. (NASDAQ: BAND).

The analyst commented, “We maintain our Market Outperform rating and $36 price target on Bandwidth after the company reported better-than-expected 1Q25 results, with non-GAAP EPS of $0.36 (consensus $0.27), adj. EBITDA of $22M (consensus $17M) on revenue of $174M (consensus $169M), up 2% y/y, a deceleration from 27% last quarter, with Cloud Communications revenue of $133M (consensus $131M), up 4% y/y, and Messaging Surcharges revenue of $41M (consensus $38M), down 4% y/y, and free cash flow of ($13M), below the consensus of ($1M) — all of which left the stock up ~12% after having decreased 19% year to date versus a decrease of 5% for the Russell 3000.”

For an analyst ratings summary and ratings history on Bandwidth Inc. click here. For more ratings news on Bandwidth Inc. click here.

Shares of Bandwidth Inc. closed at $13.76 yesterday.

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