Why Pixelworks Stock Jumped 25% Today
Shares of video technology expert Pixelworks (NASDAQ: PXLW) soared on Tuesday thanks to a bullish analyst report. The stock rose as much as 26.4%, closing the day's action 24.6% higher.
Roth Capital analyst Suji Desilva reiterated his buy rating on Pixelworks, boosting his price target from $5 to $10 per share. Desilva had a meeting with Pixelworks CFO Elias Nader and CEO Todd DeBonis, and he walked away with a stronger conviction in the company's business prospects. In particular, the Roth analyst appreciated the "differentiated and sustainable" hardware and software combination that Pixelworks brings to the game in high-end smartphone platforms, which should help its customers optimize their flagship phones for better gaming and video viewing experiences.
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Source Fool.com
