Vonage Acquires TokBox, the Leading Programmable Video Provider

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Vonage (VG) PT Raised to $16 at Oppenheimer

August 2, 2018 9:39 AM EDT

Oppenheimer raised its price target on Vonage (NYSE: VG) to $16.00 (from $14.00) while maintaining an Outperform rating.

Analyst Timothy Horan commented, "Business services, up 20% Y/Y, now make up 57% of consolidated revenue. The development of a single communications platform (UCaaS/ CPaaS) that offers a fully... More