Canaccord Genuity Reiterates a 'Buy' on OmniVision (OVTI); More Upside Likely
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Price: $14.31 +0.92%
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade OVTI Now!
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, with a 52 week range of $10.15-$37.05.
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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, with a 52 week range of $10.15-$37.05.
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