Wall Street Analysts Believe Bandwidth (BAND) Could Rally 31.48%: Here's is How to Trade

Core Viewpoint - Bandwidth (BAND) has shown a significant price increase of 19.3% over the past four weeks, with a mean price target of $24.60 indicating a potential upside of 31.5$18.71 [1] Price Targets and Analyst Estimates - The mean estimate consists of five short-term price targets with a standard deviation of $6.84, indicating variability among analysts; the lowest estimate suggests a 3.8$18, while the highest predicts a 92.4% increase to $36 [2] - A low standard deviation among price targets suggests a high degree of agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Optimism - Analysts are increasingly optimistic about Bandwidth's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which has shown a strong correlation with near-term stock price movements [9] - The Zacks Consensus Estimate for the current year has increased by 6.6% over the past month, with no negative revisions, reflecting analysts' growing confidence [10] Zacks Rank and Investment Potential - Bandwidth currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential upside in the near term [11] - While consensus price targets may not reliably indicate the extent of potential gains, they do provide a useful guide for the direction of price movement [12]