Oppenheimer Starts InvenSense (INVN) at Outperform, Cities Growth and Takeover Potential
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Price: $26.15 -1.65%
Rating Summary:
7 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer initiates coverage on recent IPO InvenSense (NYSE: INVN) with a Outperform rating and $13 price target.
The firm comments, "We think that given InvenSense's 12-18-month revenue and EPS growth as well as takeout potential, it is at a cheap multiple, though as with all new issues, there is a lockup period expiration coming up."
The firm also said the catchy moniker "six-pack" of MEMS/NEMS is related to the 3 degrees of freedom that accelerometers and gyroscopes each allow, with the company the only vendor that has integrated them.
For an analyst ratings summary and ratings history on InvenSense click here. For more ratings news on InvenSense click here.
Shares of InvenSense closed at $9.99 yesterday.
The firm comments, "We think that given InvenSense's 12-18-month revenue and EPS growth as well as takeout potential, it is at a cheap multiple, though as with all new issues, there is a lockup period expiration coming up."
The firm also said the catchy moniker "six-pack" of MEMS/NEMS is related to the 3 degrees of freedom that accelerometers and gyroscopes each allow, with the company the only vendor that has integrated them.
For an analyst ratings summary and ratings history on InvenSense click here. For more ratings news on InvenSense click here.
Shares of InvenSense closed at $9.99 yesterday.
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