POET Similar Chart Price Prediction
The price of POET is predicted to go up 8.33%, based on the high correlation periods with CHMG. The similarity of these two price pattern on the periods is 95.21%.
POET
CHMG
Up: 8.33%Similarity: 95.21%
POET Revenue Forecast
POET EPS Forecast
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POET Analyst's Forecast
Tim Savageaux
Northland Capital Markets
Buy
Price Target
$6 → $7
Upside
+41.41%
Northland analyst Tim Savageaux raised the firm's price target on Poet Technologies to $7 from $6 and keeps an Outperform rating on the shares following the company's announcement early last week of plans for expanded optical engine capacity via contract manufacturing partners in Malaysia. Poet also announced plans to buy in the 25% of the SPX joint venture that it doesn't own, with both moves addressing concerns the firm had previously noted around non-China supply chains, the analyst tells investors.
Richard Shannon
Craig-Hallum
Strong Buy
Price Target
$3.5 → $5.5
Upside
+37.16%
Tim Savageaux
Northland Capital Markets
Buy
Price Target
$6
Upside
+64.38%