InvenSense price target raised to $26 from $22 at Pacific Crest Pacific Crest expects InvenSense (INVN) to benefit from several opportunities at Apple (AAPL), including support for optical image stabilization for the iPhone 6 camera. The firm keeps an Outperform rating on InvenSense.
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.