Susquehanna analyst Christopher Rolland reiterated a Buy rating on Mellanox (NASDAQ: MLNX) today and set a price target of $105. The company’s shares opened today at $88.50, close to its 52-week high of $88.85.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 10.2% and a 67.7% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Maxim Integrated.
Currently, the analyst consensus on Mellanox is Moderate Buy and the average price target is $91.89, representing a 3.8% upside.
In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $100 price target.
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Mellanox’s market cap is currently $4.43B and has a P/E ratio of 148.95. The company has a Price to Book ratio of 3.93.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock.
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Mellanox Technologies Ltd. engages in the provision of semiconductor-based interconnect products that facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. Its products include adapters, gateways, switches, integrated circuits, adapter cards, and switch systems.
