HTC may have turned a corner with its latest flagship smartphone and
its worst days could be behind it. Alvin Kwock of J.P. Morgan Securities believes the
HTC One is the company’s “last chance for a turnaround,” adding that improved supply will help the struggling smartphone vendor see a sharp rise in revenues this quarter. The analyst upgraded shares of
HTC’s stock to Neutral from Underweight and more than doubled his original price target of NT$160 ($5.35) to NT$330 ($11), citing strong anticipated sales of the new smartphone.
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