Close

Northland Capital Markets Starts TeleNav (TNAV) at Outperform

May 21, 2015 7:18 AM EDT
Get Alerts TNAV Hot Sheet
Price: $4.79 --0%

Rating Summary:
    3 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE

Northland Capital Markets initiates coverage on TeleNav (NASDAQ: TNAV) with a Outperform rating and a price target of $15.00.

Analyst Michael Latimore commented, "Initiating coverage of TNAV with Outperform and $15 target. TNAV's navigation technology is at the heart of connected car initiatives. While TNAV's navigation product sales are growing quickly today, navigation only gets more important over time as advanced safety features and self-driving cars hit the market. TNAV is integral to Ford and GM’s infotainment and connected car initiatives. We estimate TNAV's auto and location-based ad growth of 34% in FY16 to $164.2 mil, and EPS of ($0.45)."

For an analyst ratings summary and ratings history on TeleNav click here. For more ratings news on TeleNav click here.

Shares of TeleNav closed at $8.86 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Hot New Coverage, New Coverage