Credit Suisse analyst Scott Deuschle maintained a Buy rating on Mynaric AG Sponsored ADR (MYNA – Research Report) yesterday and set a price target of $9.00. The company’s shares closed yesterday at $5.75.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mynaric AG Sponsored ADR with a $14.50 average price target, representing a 152.03% upside. In a report released on October 26, Canaccord Genuity also maintained a Buy rating on the stock with a $20.00 price target.
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Based on Mynaric AG Sponsored ADR’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The company’s product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high altitude networks, remote eye, satellite constellations, earth observation satellites, and others.
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