Roth Capital Maintains Buy On InvenSense, Sees 73% Upside For The Stock

In a research report published today, Roth Capital analyst Krishna Shankar maintained a Buy rating on InvenSense (NYSE:INVN) with a $25 price target, which implies an upside of 73% from current levels.

Shankar observed, “We recommend accumulation of INVN and believe that 3Q15 is on track to meet 25% sequential revenue growth driven by momentum for Apple iPhone6 shipments, dominant marketshare at Samsung and LG, and growing momentum with top-tier China Android handset vendors such as Xiomi, Huawei, Lenovo, Oppo, and ZTE.”

The analyst added, “Beyond near-term margin issues, we believe that INVN has new growth opportunities for its OIS chips, sensor SoC chips with software for markets such as wearables, smart TV , gaming, and health/ fitness applications.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Krishna Shankar has a total average return of 4.9% and a 52.5% success rate. Shankar has a -23.1% average return when recommending INVN, and is ranked #1027 out of 3388 analysts.

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