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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
Feb 2015Barrington ResearchInitiates Coverage onOutperform
Nov 2014JMP SecuritiesInitiates Coverage onOutperform
Oct 2014Imperial CapitalMaintainsOutperform

View More Analyst Ratings for INVN
View the Latest Analyst Ratings

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

 

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