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Oppenheimer Remains a Buy on Akoustis Technologies (AKTS)


In a report released today, Rick Schafer from Oppenheimer maintained a Buy rating on Akoustis Technologies (NASDAQ: AKTS), with a price target of $10. The company’s shares closed on Friday at $8.30.

According to TipRanks.com, Schafer is a 5-star analyst with an average return of 16.0% and a 68.9% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Maxim Integrated.

Currently, the analyst consensus on Akoustis Technologies is a Moderate Buy with an average price target of $10.

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The company has a one-year high of $9.50 and a one-year low of $4.86. Currently, Akoustis Technologies has an average volume of 113.8K.

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Akoustis Technologies, Inc. is a filter solutions company, which engages in the development, design, and manufacture of radio frequency (RF) filter products. It operates through the Foundry Fabrication Services and RF Filters segments. The Foundry Fabrication Services segment consists of engineering review services and STC-MEMS foundry services.