In a report released today, Kevin Dede from H.C. Wainwright reiterated a Buy rating on POET Technologies (POET – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $3.87.
Dede covers the Technology sector, focusing on stocks such as HIVE Blockchain Technologies, Voyager Digital (Canada), and Kopin. According to TipRanks, Dede has an average return of -5.2% and a 33.51% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for POET Technologies with a $8.00 average price target.
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POET market cap is currently $141.8M and has a P/E ratio of -8.13.
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POET Technologies, Inc. engages in the designing, developing, manufacturing, and sale of opto-electronic solutions for the sensing, data communications, and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module. The company was founded on November 14, 1985 and is headquartered in Toronto, Canada.
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