POET Technologies (POETF) Receives a Buy from H.C. Wainwright

In a report released today, Kevin Dede from H.C. Wainwright maintained a Buy rating on POET Technologies (POETF), with a price target of $1.50. The company’s shares closed last Wednesday at $0.38.

According to TipRanks.com, Dede is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.7% and a 34.4% success rate. Dede covers the Technology sector, focusing on stocks such as WISeKey International Holding, Magic Software Enterprises, and Microvision.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for POET Technologies with a $1.50 average price target.

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The company has a one-year high of $0.53 and a one-year low of $0.17. Currently, POET Technologies has an average volume of 71.86K.

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POET Technologies, Inc. engages in the designing, developing, manufacturing, and sale of opto-electronic solutions for the sensing, data communications, and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module. The company was founded on November 14, 1985 and is headquartered in Toronto, Canada.

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