H.C. Wainwright analyst Kevin Dede maintained a Buy rating on Resonant (RESN) today and set a price target of $8. The company’s shares closed on Friday at $2.85.
According to TipRanks.com, Dede is ranked #4937 out of 5256 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Resonant with a $6.25 average price target, which is an 119.3% upside from current levels. In a report issued on March 4, Needham also maintained a Buy rating on the stock with a $4.50 price target.
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Based on Resonant’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $6.87 million. In comparison, last year the company had a GAAP net loss of $8.31 million.
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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.
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