In a report issued on October 26, Gus Richard from Northland Securities reiterated a Buy rating on Aquantia Corp (NYSE: AQ), with a price target of $13. The company’s shares opened today at $8.89, close to its 52-week low of $7.08.
According to TipRanks.com, Richard is a 5-star analyst with an average return of 22.0% and a 60.6% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Quantenna Communications, and Applied Optoelectronics.
Aquantia Corp has an analyst consensus of Strong Buy, with a price target consensus of $14.50, implying a 63.1% upside from current levels. In a report issued on October 15, BWS Financial also initiated coverage with a Buy rating on the stock with a $21 price target.
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The company has a one-year high of $18.49 and a one-year low of $7.08. Currently, Aquantia Corp has an average volume of 251K.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock.
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Aquantia Corp. engages in design, development and marketing of communications integrated circuits, or ICs, for ethernet connectivity in the data center, enterprise infrastructure and access markets. Its products include corporate data center, client connectivity and enterprise infrastructure.