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Cowen Sees Possibility for Strong Demand Growth in Geospace's GSX, OBX, PRM Units, Sees 76% Upside from Current Share Price

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In a report published Tuesday, Cowen analyst Peter Hatfield highlighted potential strong demand growth in Geospace's (NASDAQ: GEOS) GSX, OBX, and PRM segments.

Hatfield expects large sales in GSX segment over the next two quarters -- to the tune of somewhere around 50,000. Furthermore, the analyst sugested Geospace could be talking to customers for potential OBX awards, with wins which may range from $20-$50 million.

Cowen maintains an Outperform rating and $130 price target on shares of Geospace.

The stock appears to be trading higher Tuesday afternoon the heels of this Cowen report. With the stock up 0.7 percent to $73.76 at last check, Hatfield's price target represents potential upside of more than 76 percent.

Latest Ratings for GEOS

Jan 2016Simmons & Co.DowngradesOverweightNeutral
Dec 2014Global HunterDowngradesAccumulateNeutral
Nov 2014Dougherty & CompanyDowngradesBuyNeutral

View More Analyst Ratings for GEOS
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