2020-11-03 07:58:48 NPTN NeoPhotonics
11/03/20 11/0307:58 11/03/2007:58 | NeoPhotonics price target raised to $10 from $9 at B. Riley SecuritiesB. Riley Securities analyst Davig Kang raised the firm's price target on NeoPhotonics to $10 from $9 and reiterates a Buy rating on the shares following the company's Q3 results. With Huawei out of the picture, NeoPhotonics' quality of earnings will improve significantly, Kang tells investors in a research note. And with over 40% of sales in 400G+, the company is the best pure optical play, says the analyst. |
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