Immersion news removes ‘biggest risk overhang,’ says BWS Financial

BWS Financial says Immersion’s (IMMR) renewed patent license agreement with Samsung Electronics removes the “biggest risk overhang of 2024.” The license was set to expire at the end of June with no update as to its status until now, the analyst tells investors in a research note. The firm believes much of the rally in Immersion shares over the past several days could have to do with shares of Barnes & Noble Education (BNED) moving sharply higher on speculation of another bidder. BWS keeps a Buy rating on Immersion with an $11 price target.