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BAND

Bandwidth

$60.13

2.87 (5.01%)

09:19
12/17/19
12/17
09:19
12/17/19
09:19

Bandwidth price target raised to $70 from $60 at Canaccord

Canaccord analyst Richard Davis raised his price target on Bandwidth to $70 from $60 as he does not see its multiple moving much lower from its current level. With mid-teens revenue growth expected next year, the stock should work higher. Davis reiterated his Buy rating on Bandwidth shares.

BAND Bandwidth
$60.13

2.87 (5.01%)

09/19/19
MSCO
09/19/19
UPGRADE
Target $135
MSCO
Overweight
Morgan Stanley upgrades Twilio to Overweight, boosts price target to $135
Morgan Stanley analyst Meta Marshall upgraded Twilio to Overweight from Equal Weight with a price target of $135, up from $130. The stock closed Wednesday up 23c to $112.55. The company is building out a next-generation communication platform, with multiple expansion markets "still in their infancy," Marshall tells investors in a research note. The analyst believes Twilio continues to remove the constraints of traditional business-to-consumer communication, and thinks the recent pullback in the shares provides an opportunity. The company takes top placement in Marshall's newly introduced unified communications framework. The analyst coupled the upgrade of Twilio with a downgrade of Bandwidth (BAND) to Underweight.
09/19/19
09/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Costco (COST) downgraded to Underperform from Market Perform at Bernstein with analyst Brandon Fletcher saying "membership exhaustion" poses risks to the company's U.S. and international growth. 2. Bandwidth (BAND) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Meta Marshall saying the company is a good play on the growth of next-generation communications but its relative valuation versus peers "gives too much credit for platform depth." 3. Akamai (AKAM) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brandon Nispel saying the downgrade is based on his view that accelerating growth for CDN in 2020 is built into expectations and the stock's valuation. 4. Hilton Grand Vacations (HGV) downgraded to Neutral from Buy at Goldman Sachs with analyst Stephen Grambling saying while leveraged buyout internal rate of returns could be attractive to $40 per share or higher, other names in the Lodging space offer better risk-adjusted returns. 5. U.S. Steel (X) downgraded to Underperform from Outperform at Macquarie with analyst David Lipschitz saying he expects steel prices to stay weak and the company's cash flow to be under pressure in a weak pricing environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/22/19
MSCO
10/22/19
UPGRADE
Target $67
MSCO
Equal Weight
Bandwidth upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Meta Marshall upgraded Bandwidth to Equal Weight from Underweight with an unchanged price target of $67 following the stock's 20% slide over the last month. While she still thinks Bandwidth should trade below growth-adjusted peers given what she sees as its long-term margin potential and time it will take to achieve it, Marshall thinks the stock's price now more accurately reflects the company's growth and profitability opportunity following the recent pullback. She is specifically upgrading the stock ahead of earnings since she sees potential for upside to 2020 expectations as share shifts and international expansion get better reflected in consensus, Marshall tells investors.
12/03/19
NEED
12/03/19
INITIATION
Target $65
NEED
Buy
Bandwidth initiated with a Buy at Needham
Needham analyst Richard Valera initiated coverage of Bandwidth with a Buy rating and $65 price target. Bandwidth is a pure-play in the "high-growth" communications platform as a service market, Valera tells investors in a research note. The analyst believes the guidance cut in Q3 effectively "cleared the decks" and set the company up to get back on a beat/raise trajectory next year. He estimates the CPaaS market was ~$3B in 2018 and growing annually at 30%-plus.

TODAY'S FREE FLY STORIES

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$NYE

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VOYA

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-0.03 (-0.05%)

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I

Intelsat

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-0.07 (-1.00%)

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10:09
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JPMorgan pharma & biotech analysts hold analyst/industry conference call »

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INTC

Intel

$60.89

1.305 (2.19%)

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  • 23

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SNX

Synnex

$145.36

-1.515 (-1.03%)

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$51.72

-4.42 (-7.87%)

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ZNH

China Southern Airlines

$30.93

-3.15 (-9.24%)

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CEA

China Eastern Airlines

$24.30

-3.17 (-11.54%)

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10:00
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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$247.51

16.48 (7.13%)

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OMI

Owens & Minor

$6.34

0.82 (14.86%)

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CSS

CSS Industries

$9.34

4.64 (98.72%)

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MNK

Mallinckrodt

$5.55

0.345 (6.63%)

, PCG

PG&E

$13.29

0.22 (1.68%)

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MNK

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PCG

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INTC

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YETI

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MICT

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RTTR

Ritter Pharmaceuticals

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HNP

Huaneng Power

$19.88

-0.38 (-1.88%)

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OC

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HAL

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