B. Riley Securities Releases Recommendation Report on Bandwidth (BAND), Highlighting 75% Upside Opportunity

On January 23, 2026, B. Riley Securities unveiled a bullish recommendation report for Bandwidth, signaling investor confidence in the telecommunications company. The coverage initiation comes with a Buy rating, reflecting the firm’s conviction in BAND’s near-term performance trajectory. This analyst recommendation report represents a significant market validation for investors tracking the stock’s potential.

Price Target Analysis Reveals Substantial Growth Runway

The recommendation comes backed by concrete valuation metrics. As of mid-January 2026, the consensus one-year price target for Bandwidth stands at $24.14 per share, with forecasts spanning a wide range from $15.15 to $37.80. This translates to a potential upside of 75.05% from the most recent closing price of $13.79 per share, providing a compelling entry point for growth-oriented investors. The projected annual revenue of $727 million represents a modest 3.86% decline, while the expected non-GAAP earnings per share reach $3.17, suggesting earnings growth despite revenue headwinds.

Institutional Stakeholders Shift Positioning Amid Bullish Sentiment

The recommendation report arrives at a pivotal moment in the stock’s institutional adoption cycle. Currently, 371 funds and institutions hold positions in Bandwidth, though this reflects a net decrease of 13 owners during the previous quarter. Despite the lower institutional count, the average portfolio allocation dedicated to BAND surged to 0.05% of total assets, up 3.36% sequentially. Total institutional share count dipped 2.38% to 25.01 million shares, indicating selective profit-taking even as conviction strengthens among remaining holders.

Major Fund Movements Paint Complex Picture

Vanguard’s Total Stock Market Index Fund Investor Shares (VTSMX) boosted its Bandwidth stake to 809,000 shares, representing 2.83% ownership—a jump of 7.03% from the previous filing. The fund increased its portfolio allocation by 16.47% over the quarter, signaling growing confidence. Acadian Asset Management similarly expanded holdings to 800,000 shares (2.80% ownership), up 8.94% sequentially, though it reduced its portfolio weighting by 2.65%.

Portolan Capital Management made the most aggressive move, surging its position to 746,000 shares representing 2.61% ownership, a dramatic 53.66% increase from prior holdings. The firm simultaneously boosted its portfolio allocation by 95.28%, demonstrating strong conviction. Meanwhile, the iShares Russell 2000 ETF (IWM) maintained near-flat holdings at 673,000 shares (2.36% ownership) while increasing allocation weight by 22.99%. Geode Capital Management rounded out the major movers with 665,000 shares (2.33% ownership), up 2.42% from prior reports but with a slight 2.21% reduction in allocation weighting.

Market Sentiment Tilts Decidedly Bullish

The put/call ratio for BAND stands at 0.18, a metric strongly indicative of bullish positioning among options traders. This technical indicator, combined with the analyst recommendation report from a major investment firm, suggests consensus optimism about BAND’s near-term trajectory. The coordinated accumulation among diverse institutional investors—from large index funds to specialized capital managers—underscores genuine institutional confidence rather than isolated buying pressure. For investors evaluating Bandwidth as a potential position, this convergence of positive analyst recommendations, substantial valuation upside, and broad-based institutional buying presents a compelling investment thesis worth monitoring.