Needham & Company Raises Price Target on LeapFrog Enterprises (LF)
Several other analysts have also recently commented on the stock. Analysts at Ascendiant Capital Markets raised their price target on shares of LeapFrog Enterprises from $9.00 to $12.00 in a research note to investors on Friday, April 27th. They now have a “strong-buy” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of LeapFrog Enterprises from $8.00 to $10.00 in a research note to investors on Tuesday, April 24th. They now have an “outperform” rating on the stock. Finally, analysts at Roth Capital initiated coverage on shares of LeapFrog Enterprises in a research note to investors on Tuesday, April 24th. They set a “buy” rating and a $11.00 price target on the stock.
LeapFrog Enterprises traded down 2.43% on Friday, hitting $10.04. LeapFrog Enterprises has a 52-week low of $2.57 and a 52-week high of $9.47. The company has a market cap of $669.9 million and a price-to-earnings ratio of 21.04.
LeapFrog Enterprises last posted its quarterly earnings results on Thursday, May 3rd. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.26) by $0.12. The company’s quarterly revenue was up 81.4% on a year-over-year basis. Analysts expect that LeapFrog Enterprises will post $0.40 EPS next quarter.
LeapFrog Enterprises Inc. (LeapFrog), incorporated in 1997, designs, develops and markets a family of technology-based learning platforms and related content for infants through age twelve, both at home and in schools worldwide.