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Fly News Breaks for February 21, 2020
BAND
Feb 21, 2020 | 06:51 EDT
JMP Securities analyst Patrick Walravens raised his price target on Bandwidth to $95 and kept his Outperform rating after its Q4 earnings beat and FY20 guidance, saying the company appears to be back on track after the disappointing Q3 when it "underestimated" the onboarding time for new customers. The analyst remains positive on the stock based on the company's differentiated product offering and its new strategic customer relationships that amplify its growth potential.
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