Canaccord Genuity Reiterates a 'Buy' on OmniVision (OVTI); More Upside Likely
Tweet
Share
E-mailGet Alerts OVTI Hot Sheet
Price: $29.38 --0%
Rating Summary:
2 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 7
Rating Summary:
2 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 7
Join SI Premium – FREE
Canaccord Genuity reiterates a 'Buy' on OmniVision Technologies (NASDAQ: OVTI) price target raised to $20.00.
Analyst, Bobby Burleson, said, "We reiterate our rating on OVTI following last night's upside results and guidance. With 8MP yields fixed, revenue growth should accelerate in coming quarters and gross margins should improve on ASP benefits, driving upside for revenues and EPS. Importantly, OVTI appears positioned to recapture market share in the smartphone segment, and benefit from product refreshes in consumer."
For an analyst ratings summary and ratings history on OmniVision Technologies click here. For more ratings news on OmniVision Technologies click here.
Shares of OmniVision Technologies closed at $16.08 yesterday.
Analyst, Bobby Burleson, said, "We reiterate our rating on OVTI following last night's upside results and guidance. With 8MP yields fixed, revenue growth should accelerate in coming quarters and gross margins should improve on ASP benefits, driving upside for revenues and EPS. Importantly, OVTI appears positioned to recapture market share in the smartphone segment, and benefit from product refreshes in consumer."
For an analyst ratings summary and ratings history on OmniVision Technologies click here. For more ratings news on OmniVision Technologies click here.
Shares of OmniVision Technologies closed at $16.08 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Enphase Energy (ENPH) PT Lowered to $130 at Canaccord Genuity
- CoStar Group (CSGP) PT Raised to $107 at Needham
- PulteGroup (PHM) PT Raised to $143 at Oppenheimer
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeSign 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!
