MarketWatch: Mellanox price target up a third to $140 at BarCap
Published on Aug 03 2012 // Business and Financial News, Market
August 02, 2012–NEW YORK (MarketWatch) — Barclays Capital on Thursday lifted its price target on Mellanox Technologies Ltd., (US:mlnx)(IL:mlnx) the Yoqneam, Israel, provider of technology to facilitate fast and efficient transfer of data between servers and storage systems, by a third, to $140 from $105. Analyst Joseph Wolf reiterated his overweight rating, saying that by mid-2014, the company could begin generating quarterly revenue at a $1 billion annual rate. He estimates MLNX’s 2012 revenue at $530 million and calls that peg “conservative.” …Read More>>
