This Radcom Analyst Believes Stock Is Poised For A 'Break Out' Once Telco Recovers

Shares of Radcom Ltd RDCM were climbing in early trading on Thursday.

The Paramus, New Jersey-based company is playing a role in helping solve technical issues that are slowing 5G transitions, according to Needham.

The Radcom Analyst: Alex Henderson upgraded the rating for Radcom from Hold to Buy, while establishing a price target of $8.50.

The Radcom Thesis: The company has generated steady growth, expanding its gross and operating margins, even while broadening its portfolio and sales reach, and winning new customers, Henderson said in the upgrade note.

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“Radcom has gone from losing $0.23/share to profitability of $0.50+ over the last three years,” the analyst wrote.

“Radcom believes it has solid visibility in CY24 with strong growth and expanding margins,” Moss stated. “We believe the stock has set a solid foundation to break out once the Telco environment recovers and as 5G progress inevitably moves forward,” he added.

RDCM Price Action: Shares of Radcom had risen by 5.76% to $9.00 at the time of publishing on Thursday.

Image: Courtesy of Radcom

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Posted In: Analyst ColorLong IdeasNewsUpgradesTop StoriesAnalyst RatingsMoversTrading IdeasAlex HendersonExpert IdeasNeedhamStories That Matter
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