Rosenblatt Reiterates Buy Rating & $41 PT on Inphi Corp. (IPHI); 'Inventory Correction Likely to Play Out for Another Quarter'
Get Alerts IPHI Hot Sheet
Price: $172.27 --0%
Rating Summary:
14 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 11 | New: 43
Rating Summary:
14 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 11 | New: 43
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Rosenblatt reiterates Buy rating and $41 price target on Inphi Corp. (NYSE: IPHI), following an update of 2017 third quarter earnings estimates.
Analyst Hans Mosesmann notes a slight downward tweak of 2017 third quarter estimates to account for slower than expected recovery in China, resulting in additional ASP pressure to due current inventory correction.
For an analyst ratings summary and ratings history on Inphi Corp. click here. For more ratings news on Inphi Corp. click here.
Shares of Inphi Corp. closed at $37.12 yesterday.
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