Possible 30% Upside for Inphi Corporation (IPHI)

October 14, 2014

RBC Capital Markets Analyst Doug Freedman says Inphi Corporation (IPHI) is currently one of his top stock picks. He says the company plays in both the communications and the memory markets, and investors could see more than 30% upside to the stock.

“The memory market is going to go through a transition to DDR4, and I believe that that could be a very strong positive catalyst as well as a very bullish outlook for the company’s products and the communication end market,” Freedman says.

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Inphi is one of the fastest-growing companies in his semiconductor universe, Freedman says. And, he says investors may not be giving the company full credit for recent changes.

“They recently also did a very accretive acquisition that I think is being underappreciated by the market at this time,” Freedman says.