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Jefferies Raises Target to $18 on Inphi

Jefferies reiterates its Buy rating on Inphi (NYSEL IPHI) and raises its price target to $18 from $14 on raised estimates.

Jefferies says, "Commentary from Server and Memory players indicates potential for upside from Cloud/Data Center driven by LR-DIMM on Romley. We're raising our 2012 EPS by 10% and our estimates are biased upward. IPHI is up 20% in the last 3 months (vs. SOX up 5%), and 100% off the bottom in Aug'11. We expect continued outperformance driven by LR-DIMM in 1H12 and 100GE in 2H12."

IPHI closed at $14.25 a share on Wednesday.

Posted-In: JefferiesAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

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