Market Overview

Wunderlich Upgrades Kopin As Products May Hit The Market Shortly


Wunderlich Securities on Wednesday issued a company update on Kopin Corporation (NASDAQ: KOPN) as the company is attempting to bring head-mounted computing and communications interface products to the market. Wunderlich upgraded Kopin from Hold to Buy and issued a $4.50 price target.

Analyst Matthew Robinson wrote, "We do not expect explosive transition to mass market volume, rather, we anticipate an industry learning curve mostly driven by enterprise/niche applications involving heavy and aeronautical equipment operation, as well as other industrial, logistics, and medical usage... We expect the company to begin offering solutions for noise cancellation to complement cloud-based speech recognition, as well as device-based speech recognition during 2015."

Robinson offered four key points that may drive the stock higher:

  • 1. Enterprise visibility is developing with Vuzix Corporation (NASDAQ: VUZI): Vuzix's product line M100, which employs Kopin micro-displays, reported an outlook for 300 percent growth.
  • 2. Customer volume has grown in Asia.
  • 3. Reduction in expenses: Research and development forecasts have decreased with the upcoming arrival of products.
  • 4. Stock is currently discounted: Wunderlich believes a healthy degree of mass-market anticipation has exhausted and that the purchase for more sustainable enterprise growth is now timely.

Shares of Kopin recently traded at $3.55, up 0.85 percent.

Shares of Vuzix recently traded at $5.50, down 1.44 percent.

Latest Ratings for KOPN

Jan 2021HC Wainwright & Co.MaintainsBuy
Aug 2020HC Wainwright & Co.Initiates Coverage OnBuy
Feb 2019Langenberg & CompanyInitiates Coverage OnBuy

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