Benchmark Maintains Speculative Buy, $7.50 PT on MOSYS
In an update note, Benchmark reiterates it Speculative Buy rating and $7.50 price target on MoSys, Inc. (NASDAQ: MOSY) after key takeaways from company management’s meeting.
According to Benchmark, “We walked away from the meetings with two important takeaways. First, we are reasonably confident the company’s Bandwidth Engine IC will be adopted by leading router/switch OEMs (e.g. Cisco, Juniper, Huawei, etc.); and 2) we are confident the company will be able to finance operations until Bandwidth Engine sales ramp in late 2012.”
MOSY closed at $3.41 per share on Monday.
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