HTC is placing big bets on the HTC One and, Wall Street, which used to think HTC’s stock was overvalued, is now singing the company’s praises. Analysts with the bank HSBC recently raised HTC price targets on high expectations for the company’s current portfolio of smartphones. The family is led largely by the HTC One but also includes less powerful devices such as the Facebook-splattered HTC First on AT&T.
According to Marketwatch, HSBC believes HTC’s stock price is currently undervalued at 140 New Taiwan dollars and should be priced closer to 326 New Taiwan dollars. “We believe sales of the HTC One could surprise the market on the upside,” the company said in a note obtained by Marketwatch.
HTC faced a few early setbacks with delays of the HTC One, but tech pundits (including ourselves) are dubbing it one of the best Android smartphones ever. It will certainly face global competition from the Samsung Galaxy S4 although there’s no doubt the Taiwanese company is creating a lot of buzz around its current offerings.