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Stifel Nicolaus Reaffirms Their Buy Rating on Netgear (NTGR)

Tipranks - Tipranks - Thu Mar 12, 8:34AM CDT

Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Netgear today and set a price target of $36.00.

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Svanberg covers the Technology sector, focusing on stocks such as Texas Instruments, Microchip, and SiTime Corporation. According to TipRanks, Svanberg has an average return of 21.1% and a 60.12% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netgear with a $36.00 average price target.

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Based on Netgear’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $176.2 million and a GAAP net loss of $15.6 million. In comparison, last year the company earned a revenue of $182.42 million and had a GAAP net loss of $8.89 million

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