NQ Mobile (NQ) Rated New Buy at Rosenblatt

May 29, 2015 7:22 AM EDT
Get Alerts NQ Hot Sheet
Price: $2.20 --0%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 13 | New: 58
Join SI Premium – FREE

(Updated - May 29, 2015 9:11 AM EDT)

NQ Mobile (NYSE: NQ) initiated with a Buy and $8.10 price target at Rosenblatt Securities, saying fundamentals are stabilizing and there is a potential for asset sales.

Analyst Jun Zhang highlighted:

  • We believe that the company could sell some of their assets to Chinese private equity firms and that they might also reverse their decision on FL Mobile and sell the whole business unit.
  • Based on sum-of-parts, without considering the mobile entertainment or mobile health business valuations, NQ’s current valuation should be around $730M, or $8.10 per share. If the mobile entertainment and mobile health businesses make some progress, we would see more upside to the stock price.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Hot New Coverage, New Coverage, Short Sales, Trader Talk