Auriga Reiterates a 'Buy' on EMC (EMC); Shares Look Attractive Given Our Strong Outlook

Auriga reiterates a 'Buy' on EMC (NYSE: EMC) price target of $28.00.

Auriga analyst says, "We expect EMC will continue to be a share gaining leader in the very attractive storage space, and its exposure to other high growth markets beyond storage suggest a top-line CAGR of 10%+ is sustainable. We also believe EMC can continue to push margins modestly higher, and thus bottom-line growth of 15% appears very possible, placing EMC into the group of elite large cap growth names in the tech space. After the recent market sell-off, we now believe EMC shares are attractively priced given that outlook, and we believe EMC's high exposure to a staple area like storage offers some protection during a downturn."

For more ratings news on EMC click here and for the rating history of EMC click here.

Shares of EMC closed at $21.99 yesterday.

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