InvenSense price target raised to $28 from $24 at Evercore Evercore increased its price target on InvenSense after conducting checks, as the firm expects the company to have momentum throughout 2014 and benefit from multiple positive catalysts in 2H14. The firm increased its long-term EPS outlook for the company to $2.50 from $2 and keeps an Overweight rating on the shares.
InvenSense continues to have downside risk, says Pacific Crest Pacific Crest said InvenSense assumes 100% market share for their motion sensors in both the iPhone and Samsung phones to make guidance, but both STMicroelectronics and Bosch are gaining share at both companies. The analyst expects earnings to get squeezed from market share losses and further margin pressure. Shares are Sector Perform rated.