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UPDATE: Credit Suisse Initiates Outperform, $8 PT on OCZ Technology Group; Riding the SSD Wave

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Credit Suisse initiates its coverage on OCZ Technology Group (NASDAQ: OCZ) with a rating of Outperform and a price target of $8 per share.

Credit Suisse notes, "OCZ is well positioned to benefit from the rapid growth of SSD adoption while simultaneously transforming the quality of its revenue base through growth in enterprise markets. This should drive a twoyear revenue CAGR of 70% (CY '11-'13E) and OM expansion to 10% in the long term. Nevertheless, the company's operating margins and cash burn should be monitored closely, given the volatility in these factors."

OCZ closed at $5.10 on Wednesday.

Latest Ratings for OCZ

DateFirmActionFromTo
Mar 2013Longbow ResearchInitiates Coverage onNeutral
Oct 2012FBN SecuritiesDrops Coverage on
Sep 2012Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for OCZ
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Price Target Initiation Intraday Update Analyst Ratings

 

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