Netlist price target raised to $3 from $2 at Roth Capital

Roth Capital raised the firm’s price target on Netlist (NLST) to $3 from $2 and keeps a Buy rating on the shares. After speaking with CFO Gail Sasaki, the firm believes Netlist received a “favorable decision that effectively upholds a key patent in its litigation efforts.” This past week, the company learned that a Samsung patent review challenge of its ‘366 patent related to the nearly $30B DDR5 memory market was denied, the analyst tells investors in a research note. Roth believes the current environment increases the chance of favorable outcomes for Netlist’s multiple litigation efforts currently underway.