12 Best Small Cap Tech Stocks to Buy According to Hedge Funds 

10. Bandwidth Inc. (NASDAQ:BAND)

Number of Hedge Fund Holders: 15

Bandwidth Inc. (NASDAQ:BAND) is one of the best small cap tech stocks to buy according to hedge funds. Needham lifted the price target on Bandwidth Inc. (NASDAQ:BAND) to $60 from $45 on May 14, maintaining a Buy rating on the shares. The rating update came after the firm hosted the company at the 21st annual Needham Technology & Media Conference for a fireside chat with CEO David Morken and CFO Daryl Raiford. The firm stated that key topics of conversations included the considerable competitive advantage provided by the company’s owned network, Agentforce contact center opportunity, and how the second half of the year volumes can provide upside to current guidance, as well as how voice AI can drive outsized growth going forward.

Bandwidth Inc. (NASDAQ:BAND) also received a rating update from Citizens on May 15, with the firm lifting the price target on the stock to $70 from $45. It maintained an Outperform rating on the shares, stating that the company’s management struck a highly positive tone on business trends.

Bandwidth Inc. (NASDAQ:BAND) provides cloud communications software services and is also involved in delivering experiences through text messaging, voice calling, and emergency services applications.

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