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Ribbon Communications Inc has a consensus price target of $5.8 based on the ratings of 5 analysts. The high is $6.5 issued by B. Riley Securities on April 25, 2024. The low is $5 issued by Rosenblatt on September 25, 2024. The 3 most-recent analyst ratings were released by Rosenblatt on September 25, 2024, July 25, 2024, and July 11, 2024, respectively. With an average price target of $5 between Rosenblatt, there's an implied 28.21% upside for Ribbon Communications Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Ribbon Comms (NASDAQ:RBBN) was reported by Rosenblatt on September 25, 2024. The analyst firm set a price target for $5.00 expecting RBBN to rise to within 12 months (a possible 28.21% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Ribbon Comms (NASDAQ:RBBN) was provided by Rosenblatt, and Ribbon Comms maintained their buy rating.
The last upgrade for Ribbon Communications Inc happened on January 23, 2023 when WestPark Capital raised their price target to $6. WestPark Capital previously had a hold for Ribbon Communications Inc.
There is no last downgrade for Ribbon Comms.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ribbon Comms, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ribbon Comms was filed on September 25, 2024 so you should expect the next rating to be made available sometime around September 25, 2025.
While ratings are subjective and will change, the latest Ribbon Comms (RBBN) rating was a maintained with a price target of $5.00 to $5.00. The current price Ribbon Comms (RBBN) is trading at is $3.90, which is out of the analyst’s predicted range.
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