Techwell (TWLL) Shares Jump Intraday as Needham Upgrades to Strong Buy
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Shares of Techwell (Nasdaq: TWLL) have spiked on heavy volume in the last few minutes of trading as we are hearing that a Needham analyst has upgraded the stock from Buy to Strong Buy. The firm also raised its price target from $15 to $17. The stock most recently traded at $10.98, up 3.4% from yesterday's close.
The mid-day upgrade follows this mornings raised Q4 sales guidance. Techwell now sees Q4 revenue of $21-$23 million, up from $19-$20 million previously.
To see all the market-moving upgrades/downgrades on shares of Techwell following the guidance, visit our Analyst Ratings page.
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