Topeka Capital Starts Spreadtrum Communications (SPRD) at Buy
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Price: $30.93 --0%
Rating Summary:
8 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 4
Rating Summary:
8 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 4
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Topeka Capital initiated coverage on Spreadtrum Communications (NASDAQ: SPRD) with a Buy rating and a price target of $23.00.
Analyst Suji De Silva said, "Since 2008, SPRD has grown revenue at a 60% CAGR. With a leadership position in China's TD mobile standards and closer relationships with the Chinese government, we regard SPRD as well positioned to benefit from growth in low-end smartphones in China and emerging markets. We believe SPRD's growing customer presence across global Tier-1 handset manufacturers provides evidence of the Company's momentum in the global baseband market."
For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.
Shares of Spreadtrum Communications closed at $19.63 yesterday.
Analyst Suji De Silva said, "Since 2008, SPRD has grown revenue at a 60% CAGR. With a leadership position in China's TD mobile standards and closer relationships with the Chinese government, we regard SPRD as well positioned to benefit from growth in low-end smartphones in China and emerging markets. We believe SPRD's growing customer presence across global Tier-1 handset manufacturers provides evidence of the Company's momentum in the global baseband market."
For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.
Shares of Spreadtrum Communications closed at $19.63 yesterday.
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