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Investing.com - Canaccord Genuity raised its price target on Kopin Corp (NASDAQ:KOPN) to $3.00 from $2.50 on Monday, while maintaining a Buy rating on the stock. The company has shown remarkable momentum, with shares surging over 170% in the past year. According to InvestingPro data, Kopin currently trades above its Fair Value, suggesting investors should carefully consider entry points.
The research firm cited improved growth and margin prospects following a recent investment from Theon International, which also strengthened Kopin’s balance sheet. InvestingPro analysis shows the company maintains a healthy financial position with more cash than debt, though its gross profit margins remain relatively weak at 20%.
Canaccord Genuity’s new price target represents a multiple of approximately 28x on its 2028 estimated non-GAAP earnings per share of $0.11, up from a previous estimate of $0.10 per share.
The firm justified its premium multiple compared to the peer set average of 15x 2028 estimated earnings, noting that a potential SBMC contract win could significantly impact Kopin’s revenue in 2028 and beyond.
Canaccord Genuity also highlighted the compartmentalization of legal risk from BlueRadios as a positive development that potentially removes "outsized tail risk" for investors.
In other recent news, Kopin Corporation reported its Q2 2025 financial results, which fell short of expectations. The company announced an earnings per share (EPS) of -$0.03, missing the projected -$0.01. Revenue also came in below forecasts, with the company generating $8.45 million compared to the anticipated $12.58 million. Additionally, Kopin secured a $15.4 million contract from the U.S. Department of Defense to develop MicroLED displays for military applications. The project aims to enhance augmented reality systems for soldiers in diverse lighting conditions. In another development, Kopin received a follow-on production contract valued at approximately $9 million. This contract involves supplying thermal imaging assemblies for a U.S. defense prime contractor. These recent developments highlight Kopin’s ongoing involvement in defense-related projects despite the financial shortfall in the latest quarter.
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