Vonage Holdings (VG) Receives Price Target

Vonage Holdings (VG) stock is expected to deviate a maximum of $0.58 from the average target price of $7.49 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $7.

Vonage Holdings (VG) : The consensus on Vonage Holdings (VG) based on 8 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, In a research note released to the investors, Oppenheimer maintains its rating on Vonage Holdings (NYSE:VG).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Oppenheimer raises the new price target from $6.5 per share to $7 per share. The rating by the firm was issued on August 3, 2016.

Vonage Holdings (NYSE:VG): The stock opened at $5.77 on Thursday but the bulls could not build on the opening and the stock topped out at $5.81 for the day. The stock traded down to $5.67 during the day, due to lack of any buying support eventually closed down at $5.78 with a loss of -0.52% for the day. The stock had closed at $5.81 on the previous day. The total traded volume was 3,417,708 shares.

Vonage Holdings Corp. is a provider of telecommunications and unified communications-as-a-service (UCaaS) solutions, connecting people through cloud-connected devices around the world. The Company offers a scalable session initiation protocol (SIP)-based Voice over Internet Protocol (VoIP) network. Through this technology, it offers voice and messaging services, and other features around the world on various devices. This platform enables a user via a single identity, either a number or user name, to access and utilize services and features by being connected to the Internet over third generation (3G), Long-Term Evolution (LTE), cable or Digital Subscriber Line (DSL) broadband networks. The Company has operations in the United States, the United Kingdom, Brazil, Israel and Canada. Its brand, BasicTalk, is a home phone service offering unlimited calling throughout the United States. It is focused on providing UCaaS solutions to domestic consumers, and small and medium businesses.

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