JMP Securities analyst Erik Suppiger took over coverage of Ooma and kept an Outperform rating on the shares with an $18 price target. The company reported fiscal Q2 results that were ahead of consensus estimates and management provided guidance that was approximately in line, the analyst tells investors in a research note. The firm says Ooma’s growth will benefit from an increasing contribution from business accounts.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on OOMA:
- Ooma raises FY24 EPS view to 59c-63c from 55c-63c, consensus 57c
- Ooma sees Q3 adjusted EPS 14c-16c, consensus 14c
- Ooma reports Q2 adjusted EPS 14c, consensus 14c
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue