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In a report published Wednesday, Bank of America analyst Krish Sankar reiterated a Buy rating and $23.00 price target on Tessera Technologies (NASDAQ: TSRA).
In the report, Bank of America noted, “Tessera today announced that Mr. John Allen will be the new CFO (effective today), taking over from Mr. Rick Neely. Mr. Allen has been the corporate controller since December 2012 and used to be at Corsair, Leadis Technology, AMD and Xilinx prior to his tenure at TSRA. We view this as part of the management changes at TSRA since the shareholder meeting, including a recently appointed (interim) CEO. There is no change to our estimates or thesis. We maintain our Buy rating.”
Tessera Technologies closed on Tuesday at $20.67.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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