Is Ribbon Communications Stock a good buy in 2024, according to Wall Street analysts?
The consensus among 1 Wall Street analyst covering (NASDAQ: RBBN) stock is to Strong Buy RBBN stock.
Out of 1 analyst, 1 (100%) are recommending RBBN as a Strong Buy, 0 (0%) are recommending RBBN as a Buy, 0 (0%) are recommending RBBN as a Hold, 0 (0%) are recommending RBBN as a Sell, and 0 (0%) are recommending RBBN as a Strong Sell.
What is RBBN's revenue growth forecast for 2024-2024?
(NASDAQ: RBBN) Ribbon Communications's forecast annual revenue growth rate of N/A is not forecast to beat the US Telecom Services industry's average forecast revenue growth rate of N/A, and while it is not forecast to beat the US market's average forecast revenue growth rate of N/A.
Ribbon Communications's revenue in 2024 is $826,339,000.
In 2024, RBBN is forecast to generate $147,722,090,549 in revenue, with the lowest revenue forecast at $147,127,097,598 and the highest revenue forecast at $148,317,083,500.
What is RBBN's forecast return on assets (ROA) for 2024-2024?
(NASDAQ: RBBN) forecast ROA is N/A, which is lower than the forecast US Telecom Services industry average of 7.18%.
What is RBBN's Price Target?
According to 1 Wall Street analyst that have issued a 1 year RBBN price target, the average RBBN price target is $6.00, with the highest RBBN stock price forecast at $6.00 and the lowest RBBN stock price forecast at $6.00.
The Wall Street analyst predicted that Ribbon Communications's share price could reach $6.00 by Oct 26, 2024. The average Ribbon Communications stock price prediction forecasts a potential upside of 132.56% from the current RBBN share price of $2.58.
What is RBBN's forecast return on equity (ROE) for 2024-2024?
(NASDAQ: RBBN) forecast ROE is N/A, which is considered weak.
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