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Mellanox Tech (NASDAQ:MLNX) target price raised to $69.00, issued a report today by DA Davidson

Mellanox Tech (NASDAQ:MLNX) had its target price raised to $69.00 by DA Davidson in a report released 11/23/2017. The new target price indicates a possible upside of 0.48% based on the company's last stock close price.

Previously on 11/22/2017, DA Davidson reported about Mellanox Tech (NASDAQ:MLNX) raised the target price from $60.00 to $69.00. At the time, this indicated a possible upside of 0.48%.

Yesterday Mellanox Tech (NASDAQ:MLNX) traded 1.10% higher at $46.75. The company’s 50-day moving average is $46.11 and its 200-day moving average is $46.13. The last stock close price is up -0.71% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 838,106 shares of the stock were exchanged, up from an average trading volume of 341,726

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Mellanox Tech (NASDAQ:MLNX)

Mellanox Tech has a 52 week low of $38.75 and a 52 week high of $52.79 with a P/E ratio of 6,542.86 The company’s market cap is currently $0.

In addition to DA Davidson reporting its target price, a total of 12 firms have issued a report on the stock. The consensus target price is $63.00 with 3 firms rating the stock a strong buy, 6 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Mellanox Tech (NASDAQ:MLNX)

Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems. It operates its business globally and offers products to customers at various levels of integration. The products it offers include integrated circuits (ICs), adapter cards, switch systems, multi-core and network processors, cables, modules, software, services and accessories. Together these products form a networking solution, focused on computing, storage and communication applications used in multiple markets, including high-performance computing (HPC), cloud, Web 2.0, storage, financial services, and enterprise data center (EDC).

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