Analyst Revises AudioCodes Ltd. (NASDAQ:AUDC) Stock Target To $5.750

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AudioCodes Ltd. (NASDAQ:AUDC) mean price target stands at $5.750. Thomson Reuters averaged the calls given by analysts’ poll of the First Call. The EPS projection for near-term quarter stands at $0.080 and for underway fiscal at $0.250. The market cap of AudioCodes Ltd. was recorded at $192.85M after the stock closed at $5.280 in last trading day.

What The Valuation Says?

AudioCodes Ltd. (NASDAQ:AUDC) has a P/E ratio of 63.675. Investors can assess how the stock is performing by computing Price-to-Earnings Growth ratio, which for AudioCodes Ltd. (NASDAQ:AUDC) sits at 0.850. Investment strategies are designed based on stock valuations and also on whether or not investors think firms will report earnings improvement. Value investors look for stocks that relative to sector or market comparisons are undervalued right now. They purchase shares in these apparently undervalued equities in anticipations that eventually the equity price will rise to better replicate a firm’s existing or prospective profit growth. When shareholders learn that a firm appears undervalued, it could drive the price higher by buying shares in pursuit of a profit opportunity.

Growth investing is another approach in which investors try to capitalize on firms’ prospects for future growth. Contrasting value stocks, the growth stock valuation already consider earnings growth as replicated in higher valuations.

Nevertheless, growth investors are keen to pay more in anticipation of seeing stock prices increase further as incomes continue to grow.

Technical Perspective

The technical analysis of AudioCodes Ltd. explains that the 50-day MA of AudioCodes Ltd. is $4.927, and stock is trading $0.358 points away or +7.263% from 50-day moving average of $4.927. It is trading $0.886 or +20.137% away 200-day MA of $4.399. AudioCodes Ltd. (NASDAQ:AUDC) 52-week high is $5.750 and the 52-week low is $3.120. If the stock gains $-0.465 points, it will record a 52-week high. Nevertheless, if it declines +69.391%, the shares price can plunge to a 52-week low.

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