Adesto Technologies Announces Fourth Quarter and Full Year 2016 Financial Results

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Adesto Technologies (IOTS) PT Raised to $6.50 at Needham & Company on Positive Guidance

February 15, 2017 6:56 AM EST

Needham analyst Rajvindra Gill reiterates Strong Buy and raises price target on Adesto Technologies Corp. (NASDAQ: IOTS) to $6.50 (from $4), as the company delivered results that beat estimates, also offering guidance above consensus.

Gill comments, "Adesto posted a beat and raise quarter. Revenue... More