Robert W. Baird analyst Tristan Gerra maintained a Buy rating on Himax Technologies yesterday and set a price target of $10.00.
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Tristan Gerra has given his Buy rating due to a combination of factors that highlight Himax Technologies’ strategic positioning in emerging technologies. The company is actively involved in key projects related to augmented reality (AR), liquid crystal on silicon (LCoS), and co-packaged optics (CPO), which are anticipated to drive significant secular growth. Himax’s expertise in optical and sensing technologies positions it well in these high-margin markets.
Despite facing short-term challenges such as lean automotive OEM inventories and product delays due to tariff uncertainties, Gerra believes these issues will lead to a meaningful recovery in the medium term. The acceleration of WiseEye adoption, particularly by companies like Dell and Acer, and the upcoming sampling of a new LCoS microdisplay further bolster Himax’s prospects. Additionally, the expected surge in AR device activity and the momentum in CPO production from 2026 onwards support the Buy rating, as these developments are likely to enhance Himax’s market position and financial performance.
Gerra covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Seagate Tech, and Knowles. According to TipRanks, Gerra has an average return of 8.7% and a 52.20% success rate on recommended stocks.