Alliance Global Partners Maintains Buy Rating for Ooma: Here's What You Need To Know

Author: Benzinga Insights | March 06, 2024 01:00pm

Alliance Global Partners has decided to maintain its Buy rating of Ooma (NYSE:OOMA) and lower its price target from $16.00 to $14.50.

Shares of Ooma are trading up 1.11% over the last 24 hours, at $10.00 per share.

A move to $14.50 would account for a 45.0% increase from the current share price.

About Ooma

Ooma Inc is a United States-based provider of innovative communication solutions and other connected services to small business, home, and mobile users. The company's hybrid software-as-a-service(SaaS) platform, consisting of its proprietary cloud, on-premise appliances, mobile applications, and end-point devices, provides the connectivity and functionality that power its solutions. Its communications solutions deliver proprietary PureVoice high-definition voice quality, advanced features, and integration with mobile devices. The majority of the company's revenue is generated in the form of Subscription and services.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: OOMA