Kopin price target raised to $3 from $2.50 at Lake Street

Lake Street raised the firm’s price target on Kopin (KOPN) to $3 from $2.50 and keeps a Buy rating on the shares. The firm came away from its meeting with CEO Michael Murray at the BIG9 Conference last week feeling confident in Kopin’s growing pipeline and also calls yesterday’s color MicroLED announcement a positive. After the recent BlueRadios lawsuit news, the firm believes “simply having certainty about the lawsuit payment,” which it notes is about 20% less than the jury recommendation, “is a positive and significantly de-risks the setup,” the analyst added.