- B. Riley analyst Dave Kang upgraded Infinera Corp INFN to Buy from Neutral with a price target of $11.50, up from $10, implying an upside of 44.65%.
- The analyst believes the value of the company's digital signal processing technology is "significantly underappreciated" at current share levels.
- As one of two providers of 800G products, the ramp of 800G will be a "major catalyst for multiple expansion," Kang notes.
- The analyst's latest checks indicate demand remains robust and sees "strong demand/visibility" for Infinera.
- Infinera is an optical transport equipment provider.
- Price Action: INFN shares traded higher by 4.28% at $8.29 in the premarket session on the last check Monday.
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