Needham & Company Upgrades NeoPhotonics (NPTN) to Buy, Sees 50% Upside

April 19, 2013 9:15 AM EDT
Get Alerts NPTN Hot Sheet
Price: $10.74 --0%

Rating Summary:
    6 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 12 | New: 44
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Needham & Company upgraded NeoPhotonics (NYSE: NPTN) from Hold to Buy with a price target of $7.50, suggesting 50% upside.

"We think Neophotonics has perhaps the best fit with the emerging demand conditions for 2013," analyst Alex Henderson said. "China looks like it will be one of the strongest optical markets in CY13 and Neo has the highest percent of revenues from Hauwei. Coherent is the strongest niche in optical and Neo has the highest percentage of business from this segment."

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

Shares of NeoPhotonics closed at $5.00 yesterday.

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