Canaccord Genuity Maintains a 'Buy' on Spreadtrum (SPRD); Upbeat Management Meeting
Tweet Send to a FriendGet Alerts SPRD Hot Sheet
Price: $17.82 --0%
Rating Summary:
10 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 22 | New: 11
Rating Summary:
10 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 22 | New: 11
Trade SPRD Now!
Canaccord Genuity maintains a 'Buy' on Spreadtrum Communications (NASDAQ: SPRD) price target of $12.00.
Analyst, T. Michael Walkley, said, "We hosted upbeat investor meetings yesterday with Spreadtrum management in Boston. While TD-SCDMA handset sales and subscriber net additions started slowly in 2012, we anticipate much stronger H2/12 sales. We believe Spreadtrum is well positioned to benefit with key tier-1 TD-SCDMA modem design wins and growing design momentum for its integrated TD smartphone solution. Further, we believe a larger mix of smartphone chipsets in H2/12 should drive higher blended chipset ASPs, stabilized gross margin, and solid earnings growth."
For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.
Shares of Spreadtrum Communications closed at $16.04 yesterday, with a 52 week range of $8.59-$29.98.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, T. Michael Walkley, said, "We hosted upbeat investor meetings yesterday with Spreadtrum management in Boston. While TD-SCDMA handset sales and subscriber net additions started slowly in 2012, we anticipate much stronger H2/12 sales. We believe Spreadtrum is well positioned to benefit with key tier-1 TD-SCDMA modem design wins and growing design momentum for its integrated TD smartphone solution. Further, we believe a larger mix of smartphone chipsets in H2/12 should drive higher blended chipset ASPs, stabilized gross margin, and solid earnings growth."
For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.
Shares of Spreadtrum Communications closed at $16.04 yesterday, with a 52 week range of $8.59-$29.98.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- UPDATE: Intuit, Inc. (INTU) Tops Q3 EPS by 4c, Offers Guidance
- First Time Cruisers Pass on Carnival (CCL); Wells Fargo Cuts to Market Perform
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
EarningsComments
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Price Target?
Confused on May 25, 2012 03:53 PMMark as Spam | Reply to this comment
How do you get a "Buy" with the stock at $16/share and a price target of $12?????