Needham & Company Reiterates a 'Buy' on Netlist (NLST); Announces Agreements With IBM And HP On Servers, Validating HyperCloud

Needham & Company reiterates a 'Buy' on Netlist (NASDAQ: NLST) price target raised from $2.75 to $4.50.

Needham analyst says, "Consistent with the company's commentary on its most recent earnings call, NLST announced two memory collaboration agreements after the close last night (one with IBM (NYSE: IBM) & the other HP (NYSE: HPQ)). These deals bolster our confidence in the 2012 outlook; consequently we are increasing our multiple to 1.5x C12 sales, and our price target to $4.50."

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 $2.35 yesterday.

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