Netgear shares should react favorably to investor day, says BWS Financial

After Netgear hosted its annual investor day, BWS Financial analyst Hamed Khorsand noted the stock has been trading at levels valuing the company near its working capital given fears the business would continue to generate losses, but he said that the investor day was "the first time" the company laid out their reasoning for having positive non-GAAP earnings in 2023. The analyst, who thinks the "stock should react favorably," has a Buy rating and $30 price target on Netgear shares.