Maxim Group analyst Nehal Chokshi maintained a Buy rating on Identiv (INVE) today and set a price target of $8. The company’s shares closed yesterday at $5.98.
Chokshi wrote:
“Solid well-balanced core performance delivers revenue growth of 30% y/y and EBITDA beat of 11%. Management tightens prior CY18 Revenue and EBITDA guidance, which we believe will prove conservative, and provided an initial CY19 topline growth outlook, up mid-teens y/y. Continued core business performance and attractive FY19 outlook give us confidence to raise our price target to $8, up from $7, and maintain our Buy rating.”
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 10.7% and a 58.5% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
Identiv has an analyst consensus of Moderate Buy, with a price target consensus of $9.
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The company has a one-year high of $6.70 and a one-year low of $2.84. Currently, Identiv has an average volume of 39.04K.
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Identiv, Inc. engages in the business of security technology focuses on data, physical places and things. It operates through the following segments: Premises. Identity, and Credentials, and All Other.
