Northland Securities Believes Vonage Holdings (NYSE: VG) Won’t Stop Here

By Jason Carr

Northland Securities analyst Michael Latimore reiterated a Buy rating on Vonage Holdings (NYSE: VG) on October 9 and set a price target of $9.50. The company’s shares closed yesterday at $8.33, close to its 52-week high of $8.69.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 7.1% and a 60.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Great Elm Capital Group Inc, Interactive Intelligence, and Nuance Communications.

Currently, the analyst consensus on Vonage Holdings is Strong Buy and the average price target is $9.55, representing a 14.6% upside.

In a report issued on September 27, Needham also maintained a Buy rating on the stock with a $9.50 price target.

The company has a one-year high of $8.69 and a one-year low of $5.74. Currently, Vonage Holdings has an average volume of 2.84M.

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Vonage Holdings Corp. engages in the provision of communication services through cloud-connected devices. It operates through the Business and Consumer segments.