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Needham & Company upped their price objective on shares of Dot Hill Systems (NASDAQ:HILL) from $3.50 to $6.00 in a research note issued on Thursday, Analyst Ratings.Net reports. Needham & Company’s price objective would suggest a potential upside of 35.44% from the stock’s previous close.

Shares of Dot Hill Systems (NASDAQ:HILL) traded up 8.13% during mid-day trading on Thursday, hitting $4.79. The stock had a trading volume of 619,923 shares. Dot Hill Systems has a 52-week low of $0.91 and a 52-week high of $5.19. The stock has a 50-day moving average of $4.18 and a 200-day moving average of $2.95. The company’s market cap is $282.6 million.

Separately, analysts at Zacks upgraded shares of Dot Hill Systems from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 14th. They now have a $4.60 price target on the stock.

Dot Hill Systems Corp. (NASDAQ:HILL) is a provider of storage systems and enterprise server software for organizations requiring networked storage and data management solutions in an open systems architecture.

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