Piper Jaffray Maintains an 'Overweight' on Fusion-io (FIO); Lock-Up Expiration May Offer Buying Opportunity

Piper Jaffray maintains an 'Overweight' on Fusion-io (NYSE: FIO) price target of $38.00.

Analyst Andrew Nowinski thinks Wall Street is significantly underestimating the potential (business) value with Facebook and Apple (Nasdaq: AAPL). Nowinski points out that tomorrow's lock-up period expires for 43.4 mln shares of FIO, and suggests investors take advantage of any weakness in price. Specifically, Nowinski, said shares offer a good buying opportunity when trading ~$20.

For an analyst ratings summary and ratings history on Fusion-io click here. For more ratings news on Fusion-io click here.

Shares of Fusion-io closed at $23.00 yesterday.

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