QuickLogic price target lowered to $12 from $16 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on QuickLogic to $12 from $16 and keeps a Buy rating on the shares. The firm believes QuickLogic’s lowered annual sales growth guidance will cause a reset in the stock price after a strong last 12 months. As it settles out, Craig-Hallum likes the entry point into the stock with a look toward a strong Q4 result and visibility into strong second half of 2025 acceleration.