🔴 Bandwidth drops 4.1% on profit-taking after rally fueled by B. Riley price target upgrade

Bandwidth is trading 4.1% down at $75.25 on profit-taking and consolidation, following a significant multi-day surge.

• The stock had rallied more than 25% over the preceding three sessions, largely driven by B. Riley Financial raising its price target on BAND to $85 from $55 on July 9, 2026.
• Today's decline appears to be a technical correction after the sharp upward movement, as no new major company-specific news emerged to explain the drop.