Rosenblatt Securities analyst Jun Zhang maintained a Buy rating on NeoPhotonics (NPTN) today and set a price target of $10. The company’s shares closed yesterday at $4.74.
According to TipRanks.com, Zhang is a 3-star analyst with an average return of 2.7% and a 55.4% success rate. Zhang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Viavi Solutions.
NeoPhotonics has an analyst consensus of Moderate Buy, with a price target consensus of $6.56, which is a 38.4% upside from current levels. In a report issued on July 1, Northland Securities also maintained a Buy rating on the stock with a $9.75 price target.
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The company has a one-year high of $9.48 and a one-year low of $3.26. Currently, NeoPhotonics has an average volume of 1.11M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2019, Yuen Wupen, the VICE PRESIDENT GLOBAL PRODUCT of NPTN bought 23,999 shares for a total of $83,997.
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NeoPhotonics Corp. engages in the design, manufacture, and sale of hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive communications networks. Its product portfolio includes pluggable coherent modules, coherent-components, 100G/400G client transceivers, optical switching, high speed ICs, 100G / 400G laser devices and light engines, passive components, network monitoring and control, and 10G and low rate components. The company was founded on October 31, 1996 and is headquartered in San Jose, CA.
