Resonant Received its Third Buy in a Row

After Needham and Drexel Hamilton assigned a Buy rating to Resonant in the last month, the company received another Buy, this time from H.C. Wainwright. Analyst Kevin Dede reiterated a Buy rating on Resonant (NASDAQ: RESN) today and set a price target of $8. The company’s shares closed yesterday at $4.20.

According to TipRanks.com, Dede is ranked #4659 out of 4793 analysts.

Currently, the analyst consensus on Resonant is Strong Buy and the average price target is $7.40, representing a 76.2% upside.

In a report released today, Drexel Hamilton also reiterated a Buy rating on the stock with a $8 price target.

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The company has a one-year high of $8.55 and a one-year low of $3.17. Currently, Resonant has an average volume of 407K.

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Resonant, Inc. operates as a development-stage company, which engages in the creation of filter designs for radio frequency front-ends for the mobile device industry. Its products include the Infinite Synthesized Networks. Infinite Synthesized Networks designs complex filter products.