Roth Capital Maintains A Buy On LeapFrog Following Announcement Of Two New Tablets
In a report issued today, Roth Capital analyst Dave King maintained a “Buy” rating on LeapFrog Enterprises Inc. (LF) and a price target of $7.50 following LF’s unveiling of its new LeapPad3 and LeapPad Ultra XDi tablets.
King noted, “Management appears focused on maintaining its competitive advantage in first kids tablets and we find it difficult to imagine an environment where hardware is less important to LeapFrog than content, since app profitability remains elusive. While investors will likely continue to view this negatively, our Buy reflects the company’s leading brand, position as a takeout candidate, and valuation support at its fairly modest 25% premium to book”.
According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Dave King currently has an average return of -6.9% and a 23% success rate. Lewis is ranked #2912 out of 3128 analysts.