Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $5 price target on Akoustis, saying after the company’s quarterly report that he believes the company remains on track to continue to expand its solutions into 2023. The analyst is excited about the opportunity ahead of the company, and looks forward to the continued revenue ramp over the next several quarters. Kumar added that his thesis is unchanged following Akoustis’ business update call.
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Published first on TheFly
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