Brigantine Advisors Maintains a 'Buy' on NetLogic (NETL); Raises Price Target & Estimates
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Brigantine Advisors maintains a 'Buy' rating on NetLogic (Nasdaq: NETL), raises price target from $44 to $46.
Brigantine analyst says, "NetLogic reported strong Q3 results, with 10% organic growth and upside in the acquired IDT products. RMI has closed and will add growth and diversification, along with a large new market to pursue with an impressive line-up of differentiated products...We are raising revenue targets for virtually all of NetLogic’s organic and acquired product lines, and see lots of momentum for NETL going forward. We believe management’s new 2010 EPS target of $1.75 is conservative and are modeling $1.85. Our price target moves to $46 (prior $44), based on 25X 2010E EPS."
To see more analyst ratings on NETL Click Here.
NetLogic Microsystems, Inc., a fabless semiconductor company, designs, develops, and markets processors and integrated circuits.
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