In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Cypress Semicon (CY), with a price target of $18. The company’s shares closed yesterday at $16.18.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 23.1% and a 63.6% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Western Digital.
Currently, the analyst consensus on Cypress Semicon is a Strong Buy with an average price target of $18.67, representing a 15.4% upside. In a report issued on April 12, Needham also maintained a Buy rating on the stock with a $20 price target.
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The company has a one-year high of $18.59 and a one-year low of $11.75. Currently, Cypress Semicon has an average volume of 3.76M.
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Cypress Semiconductor Corp. designs, develops, manufactures and markets a broad range of high-performance solutions for embedded systems, from automotive, industrial and networking platforms to highly interactive consumer devices.