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Fly News Breaks for January 17, 2020
IPHI
Jan 17, 2020 | 09:26 EDT
Needham analyst N. Quinn Bolton raised his price target on Inphi to $100 and kept his Buy rating after its presentation at this week's Needham's Annual Growth Conference. The analyst cites the management's maintained estimates for the PAM4 total addressable market to reach about $300MM in 2020 and for the 400G ZR to reach $400MM in 2022, adding that the company's estimated 53% market share assumption for PAM4 this year appears "increasingly conservative".
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