Loading...
Loading...
- BofA analyst Vivek Arya initiated coverage of Rockley Photonics Holdings Ltd RKLY with a Buy and $14 price target, implying a 56.6% upside.
- The company's optical sensing platform targets a $32 billion total addressable market in monitoring critical biomarkers via smart wearable devices, Arya notes.
- Unlike traditional LED solutions, Rockley's integrated spectrophotometer and on-device analytics platform offer "much higher" resolution and accuracy, enabling healthcare clinic-on-the-wrist solution to monitor glucose and lactate levels, blood alcohol, core body temp, hydration, and alcohol levels.
- Price Action: RKLY shares traded higher by 4.91% at $9.40 in the premarket session on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
