Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications
Message: Rockley Photonics Holdings (RKLY) Receives a New Rating from Needham
Rockley Photonics Holdings (RKLY) Receives a New Rating from Needham
In a report released today, Quinn Bolton from Needham initiated coverage with a Buyrating on Rockley Photonics Holdings (RKLY – Research Report) and a price target of$15.00. The company’s shares closed last Friday at $9.36.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of 48.0%and a 78.1% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Allegro MicroSystems, and Ultra Clean Holdings.
Currently, the analyst consensus on Rockley Photonics Holdings is a Strong Buy with an average price target of $17.67, which is a 77.6% upside from current levels. In a report issued on August 25, Robert W. Baird also initiated coverage with a Buy rating on the stock with a $18.00 price target.
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