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Home โบ Stocks โบ Poet Technologies Inc. (POET) Stock Forecast & Price Prediction Canada | NASDAQ | Technology | Semiconductors
$4.48
+0.06 (1.36%)10 Quality Stocks Worth Considering Now
Researching POET Technologies (POET) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 3 Wall Street analysts, POET has a bullish consensus with a median price target of $6.25 (ranging from $5.50 to $7.00). Currently trading at $4.48, the median forecast implies a 39.5% upside. This outlook is supported by 2 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Tim Savageaux at Northland Capital Markets, projecting a 56.3% upside. Conversely, the most conservative target is provided by Richard Shannon at Craig-Hallum, suggesting a 22.8% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for POET.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Dec 2, 2024 | Northland Capital Markets | Tim Savageaux | Outperform | Reiterates | $7.00 |
Nov 22, 2024 | Craig-Hallum | Richard Shannon | Buy | Maintains | $5.50 |
Nov 18, 2024 | Northland Capital Markets | Tim Savageaux | Outperform | Initiates | $6.00 |
Sep 12, 2024 | Craig-Hallum | Richard Shannon | Buy | Maintains | $3.50 |
Sep 1, 2023 | Craig-Hallum | Richard Shannon | Buy | Maintains | $7.50 |
Apr 26, 2023 | HC Wainwright & Co. | Kevin Dede | Buy | Reiterates | $5.00 |
Aug 11, 2022 | HC Wainwright & Co. | Kevin Dede | Buy | Maintains | $5.00 |
The following stocks are similar to POET Technologies based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Poet Technologies Inc. has a market capitalization of $341.60M with a P/E ratio of -4.8x. The company generates $41,427 in trailing twelve-month revenue with a 0.0% profit margin.
Revenue growth is -73.0% quarter-over-quarter, while maintaining an operating margin of -39,410.8% and return on equity of -442.6%.
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Develops optoelectronic solutions for data centers.
Poet Technologies generates revenue by creating innovative semiconductor products that integrate photonics and electronics. Their focus on reducing costs and enhancing performance allows them to cater to the growing data center and telecommunications markets, where there is a high demand for energy-efficient and high-speed data transmission.
The company's technology is pivotal in addressing the increasing need for faster and more efficient data processing. By developing critical components for the electronics and communications industries, Poet Technologies not only supports current infrastructure but also fosters future innovations in data services.
Technology
Semiconductors
53
Dr. Suresh V. Venkatesan Ph.D.
Canada
2022
POET Technologies Inc. plans a non-brokered public offering of 5 million units at $5.00 each, aiming for $25 million. Each unit includes a common share and a warrant exercisable at C$8.32 for five years.
POET Technologies' $25 million offering may dilute existing shares but also raises capital for growth, particularly in AI, impacting stock valuation and investor sentiment.
POET Technologies has launched its 1.6T Optical Engines in partnership with Mitsubishi Electric's 400G EML lasers, showcasing best-in-class performance with the new POET Blazarโข.
The partnership signifies advancements in optical technology, enhancing product offerings and competitiveness, potentially boosting market share and profitability for involved companies.
POET Technologies has partnered with South Korea's Lessengers to develop an 800G DR8 transceiver, integrating POET's optical engines and Lessenger's DOW technology for AI data centers.
The partnership with Lessengers enhances POET's product offerings, potentially increasing revenue from AI and data center markets, which could positively impact stock performance and investor confidence.
The company is nearing a revenue inflection point, supported by existing contracts with major industry leaders and partners.
Revenue inflection points signal potential growth acceleration, indicating increased demand and profitability from established contracts with major industry players, boosting investor confidence.
POET Technologies Inc. received the Elite Score award from Lightwave+BTR Innovation Reviews at a gala in San Francisco, coinciding with the Optical Fiber Communications Conference.
POET Technologies' recognition with the Elite Score award enhances its credibility and visibility in the optical technology sector, potentially attracting investors and boosting market confidence.
POET Technologies Inc. has fulfilled orders for advanced optical transmit engines from three global customers, enhancing its position in AI network solutions.
POET Technologies' fulfillment of orders for advanced optical transmit engines signals growing demand and potential revenue growth, positively impacting investor sentiment and stock performance.
Based on our analysis of 3 Wall Street analysts, Poet Technologies Inc. (POET) has a median price target of $6.25. The highest price target is $7.00 and the lowest is $5.50.
According to current analyst ratings, POET has 2 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $4.48. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict POET stock could reach $6.25 in the next 12 months. This represents a 39.5% increase from the current price of $4.48. Please note that this is a projection by Wall Street analysts and not a guarantee.
Poet Technologies generates revenue by creating innovative semiconductor products that integrate photonics and electronics. Their focus on reducing costs and enhancing performance allows them to cater to the growing data center and telecommunications markets, where there is a high demand for energy-efficient and high-speed data transmission.
The highest price target for POET is $7.00 from Tim Savageaux at Northland Capital Markets, which represents a 56.3% increase from the current price of $4.48.
The lowest price target for POET is $5.50 from Richard Shannon at Craig-Hallum, which represents a 22.8% increase from the current price of $4.48.
The overall analyst consensus for POET is bullish. Out of 3 Wall Street analysts, 2 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $6.25.
Stock price projections, including those for Poet Technologies Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.