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Northland Securities Thinks Emcore Corp’s Stock is Going to Recover


Emcore Corp (NASDAQ: EMKR) received a Buy rating from Northland Securities analyst Tim Savageaux today. The company’s shares opened today at $5.03, close to its 52-week low of $4.40.

According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 7.9% and a 56.0% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Luna Innovations Inc, and CommScope Holding.

Emcore Corp has an analyst consensus of Moderate Buy, with a price target consensus of $5.67, which is a 12.7% upside from current levels. In a report released today, Lake Street also reiterated a Buy rating on the stock with a $6 price target.

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The company has a one-year high of $8.75 and a one-year low of $4.40. Currently, Emcore Corp has an average volume of 126.8K.

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EMCORE Corp. engages in the manufacture and provision of mixed-signal optics products. It offers catv broadband transport and access; lasers and components; chip level devices; satellite RF fiber optic transport; wireless/distributed antenn systems; microwave components; and fiber optics gyros, sensors, and navigation systems.