Needham analyst Richard Valera reiterated a Buy rating on Audiocodes (NASDAQ:AUDC) on Tuesday, setting a price target of $43, which is approximately 27.67% above the present share price of $33.68.
Valera expects Audiocodes to post earnings per share (EPS) of $0.21 for the first quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Audiocodes, with an average price target of $37.
The analysts price targets range from a high of $43 to a low of $32.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $56.56 million and a net profit of $11.23 million. The company's market cap is $1.1 billion.
According to TipRanks.com, Needham analyst Richard Valera is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.7% and a 70.30% success rate.
AudioCodes Ltd . engages in the development, manufacture, and marketing of products for transferring voice and data over the internet. Its products include products for Microsoft (NASDAQ:MSFT) 365, session border controllers, multi-service business routers, internet protocol phones, digital and analog media gateways, management products and solutions, and voice applications. The company was founded by Shabtai Adlersberg in 1993 and is headquartered in Lod, Israel.