Oppenheimer analyst Martin Yang lowered the firm’s price target on QuickLogic to $13 from $16 and keeps an Outperform rating on the shares. The firm notes Q2 revenue/EPS of $6.0M/$0.12 compared to consensus’ $4.5M/$0.01 estimates. Q3 revenue guidance implies 37% year-over-year decline, Oppenheimer adds.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QUIK: