Piper Jaffray Raises Price Target on Palm (PALM) to $24, Maintains Overweight
PALM Hot Sheet
Rating Summary:0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Piper Jaffray & Co. maintains an 'Overweight' rating on Palm, Inc. (Nasdaq: PALM), price target increased from $18 to $24.
Piper analyst says, "We believe webOS provides Palm the ability to incorporate a high level of integration between hardware and software elements in its handsets, thus providing a very compelling user experience. Further, with the convergence of the Web and mobile phones, we believe webOS is gaining developer interest and Palm has a unique strategy to attract developers to the platform through enabling developers to market their applications. We anticipate strong growth in the developer ecosystem as Palm ships a family of webOS products longer-term...Updating Estimates: We have updated our Palm estimates to reflect the updated share count post its share offering, resulting in our FY11 EPS declining from $0.88 to $0.81."
To see more analyst ratings on PALM Click Here.
Palm, Inc. provides mobile products for individual users and business customers worldwide.
Piper analyst says, "We believe webOS provides Palm the ability to incorporate a high level of integration between hardware and software elements in its handsets, thus providing a very compelling user experience. Further, with the convergence of the Web and mobile phones, we believe webOS is gaining developer interest and Palm has a unique strategy to attract developers to the platform through enabling developers to market their applications. We anticipate strong growth in the developer ecosystem as Palm ships a family of webOS products longer-term...Updating Estimates: We have updated our Palm estimates to reflect the updated share count post its share offering, resulting in our FY11 EPS declining from $0.88 to $0.81."
To see more analyst ratings on PALM Click Here.
Palm, Inc. provides mobile products for individual users and business customers worldwide.
You May Also Be Interested In
- Auriga Reiterates a 'Buy' on DSW Inc. (DSW); Raising Estimates and PT After Great Q1
- Barclays Maintains an 'Equalweight' on J. C. Penney (JCP); Slashing PT on Disappointing Results
- Nomura Securities Sees Trends Continuing To Be Difficult at Wet Seal, Inc. (WTSLA); Cutting FY12/13 Estimates
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Piper JaffraySign 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!
