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Cray Inc. Message Board

  • djhmk2 djhmk2 May 21, 2013 4:15 PM Flag

    CRAY has $25 target

    UPDATE: Sterne Agee Initiates Coverage on Cray With a Buy Rating on Expanding HPC Market (Benzinga

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    • If Cray's earnings were more stable, it would certainly carry a P/E more inline with its larger competitors. No doubt, the stock price is where it's at today because of the guidance given by the company. If it goes on a tear and happens to make a couple of sales, the price could sail well past the $25 target even with the current P/E; however, a little good news will have a lot of folks thinking it warrants a higher P/E, and that could send it to prices it hasn't seen in a decade. I guess what I'm saying is that bad news has exaggerated the price to the down side, and good news can exaggerate it to the upside.

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