Kopin price target raised to $5 from $4 at Lake Street

Lake Street analyst Jason Schmidt raised the firm’s price target on Kopin (KOPN) to $5 from $4 and keeps a Buy rating on the shares after the company announced a partnership with Fabric.AI to develop MicroLED-based optical interconnect technology. The firm views the news “positively,” calling it a strategic way for Kopin to address the rapidly growing data center market and leverage its strong customer relationships without the significant capital outlay that would have been required if it had pursued this on its own.