Ribbon Communications Inc. (RBBN)
NASDAQ: RBBN · IEX Real-Time Price · USD
3.250
+0.680 (26.46%)
At close: Apr 24, 2024, 4:00 PM
3.200
-0.050 (-1.54%)
Pre-market: Apr 25, 2024, 5:20 AM EDT
Ribbon Communications Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for RBBN stock have an average target of 5.83, with a low estimate of 5.50 and a high estimate of 6.00. The average target predicts an increase of 79.38% from the current stock price of 3.25.
Analyst Consensus: Strong Buy
* Price targets were last updated on Oct 26, 2023.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 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 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $7 → $6 | Strong Buy | Maintains | $7 → $6 | +84.62% | Oct 26, 2023 |
| JMP Securities | JMP Securities | Buy Reiterates $6 | Buy | Reiterates | $6 | +84.62% | Jul 27, 2023 |
| Craig-Hallum | Craig-Hallum | Strong Buy Initiates $5.5 | Strong Buy | Initiates | $5.5 | +69.23% | Jul 19, 2023 |
| JMP Securities | JMP Securities | Buy Reiterates $6 | Buy | Reiterates | $6 | +84.62% | May 23, 2023 |
| JMP Securities | JMP Securities | Buy Reiterates $6 | Buy | Reiterates | $6 | +84.62% | Apr 27, 2023 |
Financial Forecast
Revenue This Year
873.46M
from 826.34M
Increased by 5.70%
Revenue Next Year
923.52M
from 873.46M
Increased by 5.73%
EPS This Year
0.28
from -0.39
EPS Next Year
0.38
from 0.28
Increased by 37.61%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 903.0M | 953.1M |
| Avg | 873.5M | 923.5M |
| Low | 836.0M | 885.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 9.3% | 9.1% |
| Avg | 5.7% | 5.7% |
| Low | 1.2% | 1.3% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.30 | 0.42 |
| Avg | 0.28 | 0.38 |
| Low | 0.23 | 0.34 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | 51.1% |
| Avg | - | 37.6% |
| Low | - | 23.4% |
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.