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UPDATE: Oppenheimer Upgrades InvenSense to Outperform on Growth Outlook

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Oppenheimer raised its rating on InvenSense (NYSE: INVN) from Perform to Outperform with a $17 price target.

Oppenheimer noted, "With its leading Android share, recent design wins at Samsung, and several reference designs with leading Chinese domestic maker chip vendors, INVN is poised to grow its revenues and earnings. We think its leverage to the right end markets (Samsung, Android, China) merits a premium multiple."

InvenSense closed at $13.10 on Thursday.

Latest Ratings for INVN

DateFirmActionFromTo
Mar 2016Drexel HamiltonInitiates Coverage onHold
Jan 2016Canaccord GenuityMaintainsBuy
Jan 2016Barrington ResearchDowngradesOutperformMarket Perform

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Posted-In: OppenheimerAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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