Dougherty & Co Starts Netlist (NLST) at Buy, In the Sweet Spot of Storage Market
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Price: $0.62 -4.62%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade NLST Now!
Dougherty & Co initiates coverage on Netlist (NASDAQ: NLST) with a Buy and $4.50 price target, suggesting 25% upside. The firm said Netlist is in the sweet spot of the storage market.
The firm comments, "From DRAMs to Flash, the advances in solid-state storage have been dramatic, and are enabling much more powerful server systems. Netlist is a premier supplier of solid-state storage solutions to enterprise clients, and is currently in a 'hyper-growth' mode as it struggles to keep up with the exploding market. With significant intellectual property Netlist is positioning itself as one of the premier solid-state storage providers in the industry, with significant barriers to competitive threats."
For an analyst ratings summary and ratings history on Netlist click here. For more ratings news on Netlist click here.
Shares of Netlist closed at $3.59 yesterday, with a 52 week range of $1.04-$4.24.
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The firm comments, "From DRAMs to Flash, the advances in solid-state storage have been dramatic, and are enabling much more powerful server systems. Netlist is a premier supplier of solid-state storage solutions to enterprise clients, and is currently in a 'hyper-growth' mode as it struggles to keep up with the exploding market. With significant intellectual property Netlist is positioning itself as one of the premier solid-state storage providers in the industry, with significant barriers to competitive threats."
For an analyst ratings summary and ratings history on Netlist click here. For more ratings news on Netlist click here.
Shares of Netlist closed at $3.59 yesterday, with a 52 week range of $1.04-$4.24.
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