H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Resonant (RESN) today and set a price target of $8. The company’s shares closed yesterday at $2.89, close to its 52-week low of $2.45.
According to TipRanks.com, Dede is ranked 0 out of 5 stars with an average return of -15.3% and a 27.9% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, Microvision, and eMagin.
Resonant has an analyst consensus of Moderate Buy, with a price target consensus of $6.25, which is an 116.3% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $4.50 price target.
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The company has a one-year high of $8.55 and a one-year low of $2.45. Currently, Resonant has an average volume of 238.7K.
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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.
