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Why InvenSense (INVN) Stock Is Soaring Today

NEW YORK (TheStreet) -- Shares of InvenSense (INVN) were surging 11.98% to $7.62 on heavy trading volume late Friday morning after Pacific Crest hiked its rating on the stock to "overweight" from "sector weight."

The firm has a $9 price target on shares of the San Jose, CA-based maker of gyroscopes used in smartphones.

The rise of the Pokemon Go game and augmented reality will create a "significant growth opportunity" for the company, especially within mid-range smartphones, Pacific...