Needham & Company Starts Everspin Technologies (MRAM) at Strong Buy

Needham & Company initiates coverage on Everspin Technologies (NASDAQ: MRAM) with a Strong Buy rating and a price target of $10.00.

Analyst Rajvindra Gill commented, "We are initiating coverage of Everspin Technologies with a Strong Buy and establishing a 12-month $10 price target. Everspin is the only provider of magnetoresistive random-access memory (MRAM) to automotive, industrial and enterprise storage applications. MRAM is a low-power, non-volatile and durable memory that is positioned to replace battery-backed SRAM and battery-backed DRAM. In this 50-page report, we examine the transformative benefits of MRAM to the overall memory industry and analyze Everspin's unique competitive positioning."

For an analyst ratings summary and ratings history on Everspin Technologies click here. For more ratings news on Everspin Technologies click here.

Shares of Everspin Technologies closed at $7.25 yesterday.

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