Ribbon Communications Inc. (RBBN)
NASDAQ: RBBN · IEX Real-Time Price · USD
3.260
-0.040 (-1.21%)
At close: Jul 2, 2024, 4:00 PM
3.380
+0.120 (3.68%)
After-hours: Jul 2, 2024, 7:54 PM EDT
Ribbon Communications Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for RBBN stock have an average target of 6.00, with a low estimate of 5.50 and a high estimate of 6.50. The average target predicts an increase of 84.05% from the current stock price of 3.26.
Analyst Consensus: Strong Buy
* Price targets were last updated on Apr 25, 2024.
Analyst Ratings
The average analyst rating for RBBN stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $6 → $6.5 | Strong Buy | Maintains | $6 → $6.5 | +99.39% | Apr 25, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $7 → $6 | Strong Buy | Maintains | $7 → $6 | +84.05% | Oct 26, 2023 |
| JMP Securities | JMP Securities | Buy Reiterates $6 | Buy | Reiterates | $6 | +84.05% | Jul 27, 2023 |
| Craig-Hallum | Craig-Hallum | Strong Buy Initiates $5.5 | Strong Buy | Initiates | $5.5 | +68.71% | Jul 19, 2023 |
| JMP Securities | JMP Securities | Buy Reiterates $6 | Buy | Reiterates | $6 | +84.05% | May 23, 2023 |
Financial Forecast
Revenue This Year
868.56M
from 826.34M
Increased by 5.11%
Revenue Next Year
915.36M
from 868.56M
Increased by 5.39%
EPS This Year
0.26
from -0.39
EPS Next Year
0.33
from 0.26
Increased by 25.57%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 903.0M | 953.0M |
| Avg | 868.6M | 915.4M |
| Low | 821.0M | 862.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 9.3% | 9.7% |
| Avg | 5.1% | 5.4% |
| Low | -0.6% | -0.6% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.29 | 0.39 |
| Avg | 0.26 | 0.33 |
| Low | 0.19 | 0.25 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | 47.9% |
| Avg | - | 25.6% |
| Low | - | -6.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.