GT Advanced surges; Goldman ups PT, praises Apple deal


Goldman, which launched coverage on GT Advanced (GTAT +6.7%) a month ago with a buy, has hiked its PT to $24 from $20. The firm thinks a next-gen iPhone will be worth $15/share to GT in a base-case scenario, and $25/share in an "upside case" scenario.

Last week, AppleInsider reported Apple and GT are looking to expand their new Mesa, AZ sapphire facility, and that the current facility should eventually contain 1.7K sapphire furnaces.

Is another short-squeeze taking place? 26% of GT's float remained shorted as of March 14.

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Comments (4)
  • AlbionWood
    , contributor
    Comments (959) | Send Message
     
    "26% of GT's float remained shorted as of March 14."
    Can someone please explain to me how that works? It was 40 to 50% shorted back when it was $4 - now it's quadrupled, and still 25% short! Is this a clever way to get rid of the excess money the Fed is creating? ;)
    2 Apr 2014, 11:19 AM Reply Like
  • Michael Slattery
    , contributor
    Comments (241) | Send Message
     
    Time for a new motorhome, now accepting "excess money" ;√)
    2 Apr 2014, 12:05 PM Reply Like
  • seroga07
    , contributor
    Comment (1) | Send Message
     
    Awesome. Been Long on this stock for awhile. Love when it pans out.
    2 Apr 2014, 02:21 PM Reply Like
  • marcbiz
    , contributor
    Comment (1) | Send Message
     
    Am also interested in your question.

     

    Marcel
    2 Apr 2014, 02:21 PM Reply Like
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