UPDATE: Ascendiant Capital Raises PT on Firsthand Technology Value Fund on Facebook Rebound

Ascendiant Capital Markets maintained Firsthand Technology Value Fund SVVC at Buy and raised the price target from $21.00 to $23.00 following Q4 results. Ascendiant Capital Markets analyst Edward Woo noted, "Net change in net assets from operations per share (EPS) of $(0.01) compared with our estimate of $0.02. There were no consensus estimates or company guidance. This improvement (from Q3's EPS of $(0.75)) was mainly due to an increase in valuation of its Facebook shares (+42% from Q3)." Firsthand Technology Value Fund closed at $19.47 on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorReiterationAnalyst RatingsAscendiant Capital Markets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!