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UPDATE: Mizuho Calls Fusion-io 'Very Attractive Acquisition Target'

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From Mizuho note announcing new Buy rating, $22 price target on share of Fusion-io (NYSE: FIO):

"...FIO is a very attractive acquisition target for larger technology providers. Price could be around $40 if it gets acquired at historical storage acquisition multiples."

With shares of Fusion-io up 2 percent to $16.46 at last check, Mizuho's new price target implies potential upside of about 34 percent.

Latest Ratings for FIO

Jul 2014Monness Crespi HardtTerminatesNeutral
Jun 2014PiperJaffrayDowngradesOverweightNeutral
Jun 2014NeedhamDowngradesBuyHold

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Posted-In: Analyst Color Price Target Initiation Analyst Ratings


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