A newly-approved set-top-box from Comcast Corp. (CMCSA, $36.67, +$0.01, +0.03%) looks to be using designs from Entropic Communications Inc. (ENTR, $5.43, +$0.29, +5.64%), Wunderlich said, calling the device "another big step forward" for the chipmaker. "While it is still too early to tell what the timing and full financial impact could be, we clearly view the win as a positive," the firm added. It backed an $8 price target on the stock, saying shares still looks cheap jumping roughly 25% in the past two weeks.
It's going to go there and a LOT higher than that IMHO. Still, 8.00 would be just fine by me. Read this:
"Entropic Communications, Inc. (NASDAQ:ENTR): After the firm reviewed FCC tests of Comcast’s (NASDAQ:CMCSA) IPTV set-top-box, the XI3-H, DA Davidson claims that Entropic possessed various important design wins for the device. The firm is convinced that Entropic’s design wins at Comcast and Time Warner Cable (NYSE:TWC) should show improvement to its financial results in the near term, and it keeps its Buy rating on the stock."
The more design wins and financial success leads to other companies looking at entr as buyout candidate. If entr can resume solid growth, they are a serious buyout candidate. The closer we get to 8 bucks, the more likely this becomes.