Ooma price target lowered to $16 from $17 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Ooma to $16 from $17 and keeps a Buy rating on the shares. Although the firm sees international expansion related to the company’s largest customer, International Workplace Group, overall growth from this customer will likely slow. Furthermore, the SMB market for UCaaS is facing headwinds that will likely lead to long sales cycles and adoption, in Alliance Global’s opinion. As a result, the firm is lowering its revenue estimates to $256M in 2025 and to $283M in 2026.