$3.96
0.041.02%
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Ribbon Comms
RBBNNASDAQ
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Ribbon Comms (NASDAQ:RBBN) Stock, Analyst Ratings, Price Targets, Forecasts
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 July 11, 2024. The 3 most-recent analyst ratings were released by Rosenblatt, B. Riley Securities, and B. Riley Securities on July 11, 2024, April 25, 2024, and October 26, 2023, respectively. With an average price target of $5.83 between Rosenblatt, B. Riley Securities, and B. Riley Securities, there's an implied 49.99% upside for Ribbon Communications Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Rosenblatt
B. Riley Securities
JMP Securities
Craig-Hallum
WestPark Capital
1calculated from analyst ratings
Analyst Ratings for Ribbon Comms
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/11/2024 | Buy Now | 28.56% | Rosenblatt | Mike Genovese | → $5 | Initiates | → Buy | Get Alert |
| 04/25/2024 | Buy Now | 67.13% | B. Riley Securities | Dave Kang | $6 → $6.5 | Maintains | Buy | Get Alert |
| 10/26/2023 | Buy Now | 54.27% | B. Riley Securities | Dave Kang | $7 → $6 | Maintains | Buy | Get Alert |
| 07/27/2023 | Buy Now | 54.27% | JMP Securities | Erik Suppiger | → $6 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 07/19/2023 | Buy Now | 41.42% | Craig-Hallum | Christian Schwab | → $5.5 | Initiates | → Buy | Get Alert |
| 05/23/2023 | Buy Now | 54.27% | JMP Securities | Erik Suppiger | $6 → $6 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 04/27/2023 | Buy Now | 54.27% | JMP Securities | Erik Suppiger | → $6 | Reiterates | → Market Outperform | Get Alert |
| 04/10/2023 | Buy Now | 54.27% | JMP Securities | Erik Suppiger | → $6 | Initiates | → Market Outperform | Get Alert |
| 02/16/2023 | Buy Now | 79.99% | B. Riley Securities | Dave Kang | $6 → $7 | Maintains | Buy | Get Alert |
| 01/23/2023 | Buy Now | 54.27% | WestPark Capital | Greg Mesniaeff | → $6 | Upgrade | Hold → Buy | Get Alert |
| 10/24/2022 | Buy Now | 54.27% | B. Riley Securities | Dave Kang | $6.5 → $6 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Ribbon Comms (RBBN) stock?
The latest price target for Ribbon Comms (NASDAQ:RBBN) was reported by Rosenblatt on July 11, 2024. The analyst firm set a price target for $5.00 expecting RBBN to rise to within 12 months (a possible 26.26% upside). 4 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Ribbon Comms (RBBN)?
The latest analyst rating for Ribbon Comms (NASDAQ:RBBN) was provided by Rosenblatt, and Ribbon Comms initiated their buy rating.
When was the last upgrade for Ribbon Comms (RBBN)?
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.
When was the last downgrade for Ribbon Comms (RBBN)?
There is no last downgrade for Ribbon Comms.
When is the next analyst rating going to be posted or updated for Ribbon Comms (RBBN)?
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 July 11, 2024 so you should expect the next rating to be made available sometime around July 11, 2025.
Is the Analyst Rating Ribbon Comms (RBBN) correct?
While ratings are subjective and will change, the latest Ribbon Comms (RBBN) rating was a initiated with a price target of $0.00 to $5.00. The current price Ribbon Comms (RBBN) is trading at is $3.96, which is within the analyst’s predicted range.
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