Craig-Hallum analyst Richard Shannon lowered the firm’s price target on Atomera to $13 from $22 and keeps a Buy rating on the shares following quarterly results. While Atomera’s lack of profitability and difficulty for investors to perform checks is a negative in this environment, the analyst sees continuing signs of optimism from management. Atomera has the highest amount of earnings leverage he has seen in a long time, and any customer success will have an outsized effect on this stock, Shannon argues.
Published first on TheFly
