Needham & Company Maintains a 'Buy' on Harris & Harris Group (TINY); Looking Forward To The Future

Needham & Company maintains a 'Buy' on Harris & Harris Group (NASDAQ: TINY) price target of $8.00.

Analyst, Michael Lew, said, "The progress made by the later-stage portfolio companies suggests liquidity events should be on the way in the not-too-distant future. The y/y aggregate portfolio sales growth suggests development and market activity is increasing. Reiterate Buy rating and $8 price target, which reflects 1.7x the NAV (at the end of Dec-11) of $4.70. The multiple historically for TINY shares has been in the 2.0X range."

For an analyst ratings summary and ratings history on Harris & Harris Group click here. For more ratings news on Harris & Harris Group click here.

Shares of Harris & Harris Group closed at $4.22 yesterday.

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