Ooma (OOMA) PT Raised to $24 at Freedom Broker

Freedom Broker analyst Saken Ismailov raised the price target on Ooma (NYSE: OOMA) to $24.00 (from $20.00) while maintaining a Buy rating.

The analyst comments "Ooma (OOMA) reported 2Q27 results ahead of our estimates on revenue, adjusted EBITDA and EPS, driven by accelerating growth in the business segment. Growth was led by Ooma Business, which delivered a substantial revenue increase on the back of AirDial expansion amid accelerating copper POTS line replacement, as well as contributions from FluentStream and Phone.com, both acquired in late calendar 2025. An additional tailwind came from the successful launch of MyPhone, which reversed the long-standing decline in the residential subscriber base and drove growth in product revenue. Supported by a richer mix of higher-margin offerings and tight operating expense discipline, the company posted record adjusted EBITDA. Management again raised its FY27 outlook, betting on further AirDial expansion and, for the first time, embedding residential segment growth driven by the MyPhone rollout. We have likewise raised our FY27 and FY28 estimates for revenue, margins and earnings per share, factoring in the initial monetization of Ooma AI features. We raise our price target to $24.0 and maintain our Buy rating on OOMA shares."

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