POET Technologies (NASDAQ:POET) Given New $3.50 Price Target at Craig Hallum

POET Technologies (NASDAQ:POET) had its target price increased by research analysts at Craig Hallum from $3.00 to $3.50 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price objective would indicate a potential upside of 15.89% from the stock’s current price.

POET Technologies Price Performance

Shares of POET stock opened at $3.02 on Thursday. POET Technologies has a one year low of $0.72 and a one year high of $4.05. The company’s fifty day moving average price is $2.97 and its 200-day moving average price is $2.15. The company has a market capitalization of $187.10 million, a price-to-earnings ratio of -6.16 and a beta of 0.28.

POET Technologies (NASDAQ:POET) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). Equities research analysts expect that POET Technologies will post -0.39 earnings per share for the current fiscal year.

POET Technologies Company Profile

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.