06-10-2014, 01:33 AM
NQ Mobile (NQ) $33 PT Reiterated at Topeka Capital
10:53 AM ET, 06/09/2014 - Street Insider
Topeka Capital reiterated its Buy rating on NQ Mobile (NYSE: NQ) with a price target of $33.00. Analyst Frederick Ziegel noted compelling valuation.
"We reiterate our Buy rating and $33 price target which is based on 20x our current 2015 EPS estimate and represents a PEG of 0.5," said Ziegel. "We note that our estimates do not incorporate the recently raised revenue guidance for 1Q and 2Q14 and will be revised when 1Q14 results are released which will follow the release of the all-important 2013 20-F."
For an analyst ratings summary and ratings history on NQ Mobile click here. For more ratings news on NQ Mobile click here.
Shares of NQ Mobile closed at $9.35 yesterday.
10:53 AM ET, 06/09/2014 - Street Insider
Topeka Capital reiterated its Buy rating on NQ Mobile (NYSE: NQ) with a price target of $33.00. Analyst Frederick Ziegel noted compelling valuation.
"We reiterate our Buy rating and $33 price target which is based on 20x our current 2015 EPS estimate and represents a PEG of 0.5," said Ziegel. "We note that our estimates do not incorporate the recently raised revenue guidance for 1Q and 2Q14 and will be revised when 1Q14 results are released which will follow the release of the all-important 2013 20-F."
For an analyst ratings summary and ratings history on NQ Mobile click here. For more ratings news on NQ Mobile click here.
Shares of NQ Mobile closed at $9.35 yesterday.