Canaccord Genuity analyst George Gianarikas maintained a Buy rating on Kopin yesterday and set a price target of $3.25.
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George Gianarikas has given his Buy rating due to a combination of factors, including Kopin’s promising future prospects and strategic developments. The company is at a pivotal moment, with management actively pursuing a robust opportunity pipeline exceeding $1 billion. This pipeline is supported by advancements in thermal weapon sights, aviation heads-up displays, and armored vehicle applications, which are expected to drive significant growth.
Additionally, Kopin’s strategic partnership with Theon International is anticipated to enhance revenue generation starting in the fourth quarter of 2025. The potential for securing a critical SBMC contract with the US Army could substantially impact revenue in the coming years. Furthermore, the investment from Theon International is expected to bolster Kopin’s growth and margin prospects, while also strengthening its financial position. These factors, combined with the mitigation of legal risks, justify the premium valuation and the raised price target to $3.25.
According to TipRanks, Gianarikas is a 5-star analyst with an average return of 21.4% and a 46.46% success rate. Gianarikas covers the Industrials sector, focusing on stocks such as Plug Power, Generac Holdings, and Fuelcell Energy.
In another report released yesterday, Lake Street also maintained a Buy rating on the stock with a $3.00 price target.