Sangoma Technologies Corp T.STC

Canaccord

[retiredcf]

Still looking for more than a triple. GLTA

Canaccord Genuity’s Robert Young lowered his Sangoma Technologies Corp.  target to US$12 from US$13 with a “buy” rating. The average is US$14.

“We are reducing our F2023 revenue to the lower end of the $250-260-million guidance given the macro uncertainty. We have also reduced our F23 EBITDA estimate to $45.4-million to be conservative, given the macros and potential pricing pressure/ introduction of price bundles. We expect Sangoma to continue gradual margin expansion in the near term, particularly through cost discipline ($3-million savings in H2),” said Mr. Young.

[CandyC]

Could be a quadruple if it drops more. I'm being patient for a better buying opportunity. If not then there's other beaten down stocks

[Stonksonlyup90]

Playing a dangerous game trying to time the bottom - could open 10%+ higher any day!!

[CandyC]

I timed the top good last week when I sold at $7.84. There's several stocks that are on my list and will be buying on a dip