We Have A Positive Viewpoint On 2015 Growth For Pixelworks, Says Roth Capital
In a research report issued today, Roth Capital analyst Krishna Shankar assigned a Buy rating on Pixelworks (NASDAQ:PXLW) with a price target of $12.00.
Shankar observed, “We have a positive viewpoint on 2015 growth for PXLW driven by ramp of new projector platform, demand for high-resolution/4K Ultra-high definition TV/monitor video processors, and new mobile video processor chip/licensing opportunities. We are positive on continued IP licensing/royalty revenues and Iris mobile video processor revenues (chip sampling now) from the high-volume smartphone, tablet and premium notebook PC market. PXLW estimates may have upside if the mobile video processor chips or IP are adopted in some high-end smartphone/tablets.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Krishna Shankar has a total average return of 17.3% and a 76.3% success rate. Shankar has a -4.1% average return when recommending PXLW, and is ranked #224 out of 3274 analysts.