Needham analyst Quinn Bolton maintained a Buy rating on Quantenna Communications (QTNA) today and set a price target of $23. The company’s shares closed on Friday at $16.08.
Bolton wrote:
“In conjunction with our industry report published this morning entitled, “CES C1H19″, we are reducing forward revenue and NG EPS estimates for the majority of our semiconductor companies under coverage including Quantenna Communications. Highlights from our CES meeting appears below.”
According to TipRanks.com, Bolton is a 5-star analyst with an average return of 11.5% and a 61.9% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Sequans Communications S A, and Applied Materials Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Quantenna Communications with a $22.25 average price target, representing a 38.4% upside. In a report issued on January 10, Stifel Nicolaus also maintained a Buy rating on the stock with a $22 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $19.41 and a one-year low of $12.19. Currently, Quantenna Communications has an average volume of 324.7K.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Quantenna Communications, Inc. designs, develops, and markets the advanced high-speed wireless communication solutions enabling wireless local area networking. It creates disruptive next generation multiple input multiple output based wireless chips with size, power, and performance characteristics.
