As previously reported, Northland analyst Nehal Chokshi upgraded Quantum Corp (QMCO) to Outperform from Market Perform with an unchanged price target of $13. The firm estimates product bookings to be up about 30% year-over-year in the September quarter as the new CEO’s changes are already taking hold and it believes guidance that was well above its estimate is “likely conservative” given that product booking momentum has continued into the December quarter, the analyst tells investors.
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