Oppenheimer analyst Martin Yang lowered the firm’s price target on QuickLogic (QUIK) to $11 from $13 based on updated estimates, while keeping an Outperform rating on the shares. The firm notes Q1 2025 revenue/EPS of $4.3M/(8c) compared to consensus’ $4.0M/(8c) estimates. Q2 revenue guidance implies 3% year-over-year decline due to delays of contract awards.
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