Resonant (RESN) Receives a Rating Update from a Top Analyst

In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Resonant (RESNResearch Report), with a price target of $6.25. The company’s shares closed last Friday at $1.54.

According to TipRanks.com, Gill is a top 100 analyst with an average return of 20.2% and a 69.1% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Smart Global Holdings, and Everspin Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Resonant with a $6.13 average price target.

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The company has a one-year high of $8.33 and a one-year low of $1.59. Currently, Resonant has an average volume of 662K.

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Resonant, Inc. operates as a development-stage company, which engages in the creation of filter designs for radio frequency front-ends for the mobile device industry. Its products include the Infinite Synthesized Networks. Infinite Synthesized Networks designs complex filter products. The company was founded by Neal Fenzi and Robert B. Hammond in January 2012 and is headquartered in Goleta, CA.

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