EMC Stock Has Upside Potential; Barron’s (EMC)

Leading data storage and information security company EMC (NYSE: EMC) has gained 50% in market cap in the past year. According to Barron’s, the company’s stock still has an upside potential for gain. The stock is likely to benefit from improving economy and the resurgence in demand.

According to Brian Marshall, an analyst with Broadpoint Amtech, EMC’s revenue may increase by 18% in 2010. It is likely to touch $16.7 billion mark. EMC stock currently trades at 15 times to its 2010 estimates. Morgan Stanley analyst Katy Hubert told Barron’s that the stock may hit $24 in 12-months time period.