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Infant Tech Company Research Frontiers Could Grow Up To Be Worth $6 A Share

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Infant Tech Company Research Frontiers Could Grow Up To Be Worth $6 A Share

West Park Capital initiated coverage on Research Frontiers, Inc. (NASDAQ: REFR) with an Outperform rating and target price of $6.
Analyst Ishfaque Faruk cited the company's licensing model, and its potential to generate earnings, specifically from the automotive sector, as its reason for the positive outlook.

Through its licensing model, Research Frontiers licenses out its proprietary technology to glass manufacturers in exchange for 5–15 percent of the licensee's net sales.

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"We believe this to be an attractive business model, which will enable the company to generate significant earnings once it reaches critical mass," stated Faruk.

According to Faruk, Research Frontiers' technology has the most upside potential in automotive, which it expects to comprise about 67 percent of total revenues, with aircraft comprising 25 percent and museums, architectural and marine applications comprising.

At time of publication, Research Frontiers was seen trading at $2.60.

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Latest Ratings for REFR

DateFirmActionFromTo
Sep 2016Initiates Coverage onOutperform

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