B. Riley reiterates Buy on Ribbon Communications with $3.10 price target

what happened

B. Riley Securities reiterated its Buy rating on Ribbon Communications shares and set a $3.10 price target. According to TradingView, citing Benzinga data, the target implies 121.4% upside from the October 27 close of $1.40.

The analyst note says the company's revenue rose 1.6% year over year after three consecutive quarterly declines, and that it won two new Tier-2 customers. Revenue from Verizon grew 50% quarter over quarter, according to the note. Management's confidence in continuing the $300 million Verizon contract through most of 2028 eases uncertainty about future revenue.

Dow Jones Newswires reported that B. Riley cut its target to $3.10 from $3.30 the same day. This differs from the reiteration wording in the other report, so both sources are worth checking.

why it matters

For markets this is a routine event: a single analyst's view on a small telecom company. Still, the note shows that the large Verizon contract remains central to revenue momentum. Investors typically compare such targets with the company's actual results in its upcoming reports.

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