POET Technologies Inc Gets a Buy Rating from H.C. Wainwright

In a report released today, Kevin Dede from H.C. Wainwright maintained a Buy rating on POET Technologies Inc (Other OTC: POETF), with a price target of $1.50. The company’s shares closed on Friday at $0.30.

Dede noted:

“We suspect POET’s AGM to highlight not only the technological advancements the company’s unique Optical Interposer Platform offers, but also the critical partnerships engineered to get it to market, including a bespoke customer in Accelink, a leading component supplier to one of the world’s largest telecom-datacom an accomplished CMOS fab not far from POET’s Singapore facilities. Importantly, Interposer—simplistically speaking, Interposer integrates CMOS silicon and InP photonics—has use cases well beyond the initial datacom-telecom application of POET’s initial focus. As we expect should be made well clear next week, photonics- based technology has implications in automotive LiDAR, healthcare optics, and in every other conceivable electrical-optical interconnection imaginable primarily because of the potentially significant cost savings.”

According to TipRanks.com, Dede has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.2% and a 41.3% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, Microvision, and SuperCom.

POET Technologies Inc has an analyst consensus of Moderate Buy, with a price target consensus of $1.50.

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The company has a one-year high of $0.61 and a one-year low of $0.14. Currently, POET Technologies Inc has an average volume of 113.2K.

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POET Technologies, Inc. engages in the development and manufacture of optical light source products for the sensing and data communications markets. It focuses on the design of III-V semiconductor devices and processes for commercial, industrial and military applications, including processors, system-on chip, optical and opto-electronic devices, infrared sensor arrays and ultra low-power digital circuits and random access memory. The company was founded on November 14, 1985 and is headquartered in Toronto, Canada.