Shares of Bandwidth Inc (BAND) have recently surpassed the average analyst 12-month target price of $55.75, trading at $57.96 per share. This development signals a potential reassessment from analysts, who may either adjust their price targets upward or consider downgrading based on current valuations and business fundamentals.
Currently, there are four analyst targets contributing to the average, with rankings varying significantly—from a low of $38.00 to a high of $70.00. The standard deviation among these targets is $13.375. As of now, Bandwidth has garnered four strong buy ratings and one buy rating, leading to an average rating of 1.5, where 1 is a strong buy and 5 is a strong sell.
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