Dougherty Starts OCZ Tech (OCZ) at Buy, $13.50 Target
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Price: $0.05 --0%
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Dougherty & Co initiated coverage on shares of OCZ Technology Group (NASDAQ: OCZ) with a Buy rating and $13.50 price target Tuesday morning.
The firm believes OCZ is currently going through a "'hyper-growth' mode as it struggles to keep up with the exploding market. By acquiring intellectual property, particularly the Indilinx controller, OCZ has positioned itself as one of the premier SSD providers in the industry, with significant barriers to competitive threats."
With OCZ shares closing at $8.65 on Monday, Dougherty's new price target represents potential upside of about 56 percent.
For an analyst ratings summary and ratings history on OCZ Technology Group click here. For more ratings news on OCZ Technology Group click here.
The firm believes OCZ is currently going through a "'hyper-growth' mode as it struggles to keep up with the exploding market. By acquiring intellectual property, particularly the Indilinx controller, OCZ has positioned itself as one of the premier SSD providers in the industry, with significant barriers to competitive threats."
With OCZ shares closing at $8.65 on Monday, Dougherty's new price target represents potential upside of about 56 percent.
For an analyst ratings summary and ratings history on OCZ Technology Group click here. For more ratings news on OCZ Technology Group click here.
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