SanDisk to Report WEAKER June Results and 4 Stock Analyses to Begin the Week
NXP Semiconductors NV (NASDAQ:NXPI): Sterne Agee expects NXP Semiconductors to benefit from significant design wins and increased revenue from its NFC chips. The firm maintains a $30 target on the stock.
Linkedin Corporation (NYSE:LNKD): Even though JPMorgan believes reports of a potential job posting board by Facebook, (NASDAQ:FB), are likely to pressure shares of LinkedIn (NYSE:LNKD),in the near-term, the company does not view Facebook as a material threat, since users will want to keep their online social and professional profiles separate. JPMorgan recommends using any weakness in shares of LinkedIn as a buying opportunity.
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QUALCOMM Incorporated (NASDAQ:QCOM):Sterne Agee believes that even though Qualcomm may report weaker results than expected for its September quarter, the firm expects their performance to begin improving towards the end of that month. The company maintains a $71 target on the shares.
Gevo, Inc. (NASDAQ:GEVO):Following its secondary offering, Baird lowered its price target on Gevo. The company believes that the capital raised is enough to allow execution of their growth plan to pursue opportunities in the chemical and non-automotive fuel markets. Shares are Outperform rated.
SanDisk Corp. (NASDAQ:SNDK): Sterne Agee expects SanDisk to report, “weaker,” results for their June quarter. However, the company believes that by stabilizing NAND pricing trends and the ramping of Apple’s (NASDAQ:AAPL) iPhone, their sales should still improve in 2012. Sterne Agee maintains a $50 target on SanDisk.
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