Ooma price target raised to $18 from $14 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on Ooma (OOMA) to $18 from $14 and keeps a Buy rating on the shares following what the firm identified as the second quarter in a row in which Ooma delivered upside to the quarter and the outlook. The firm, which adds it was “pleased with the good execution over the past two quarters,” notes it has raised its FY25 estimates.