Stifel initiated coverage of Movella with a Buy rating and $7 price target. Movella offers a unique "full-stack" solution that provides several key advantages relative to its competitors, the analyst tells investors in a research note. The company offers three intertial motion capture hardware options, with its Xsens Motion Cloud analytics providing human body and kinematic insights for athletes, workers, and patients, says the firm. It believes Movella is positioned to enter several emerging high-growth market opportunities, creating a "highly attractive" total addressable market.
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