Roth Capital Highlights Key Points From Skullcandy’s Analyst Day
In a research report issued today, Roth Capital analyst Dave King reiterated a Buy rating on Skullcandy (NASDAQ:SKUL) with a price target of $10.
King commented: “We recently attended the company’s New York-based Analyst Day, following investor meetings we hosted with CFO Jason Hodell. We came away with greater visibility into key growth opportunities, product launches slated for Holiday 2014, and the company’s improved R&D and quality control practices. We remain comfortable in our view that guidance and estimates are conservative and like Skullcandy for its clean balance sheet and newer management’s renewed focus on brand.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Dave King has a total average return of -0.7% and a 36.1% success rate. King has a 5.2% average return when recommending SKUL, and is ranked #2578 out of 3321 analysts.