Perry Mulligan at 9th Annual Craig-Hallum Alpha Select Conference

H.C. Wainwright Analyst Commentary on MVIS


H.C. WAINWRIGHT THINKS MICROVISION’S STOCK IS GOING TO RECOVER

H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Microvision (NASDAQ: MVIS) today and set a price target of $3.50. The company’s shares closed on Friday at $1.08, close to its 52-week low of $0.89.
Dede wrote:
“Catching up on recent developments. Last week in New York, MicroVision presented at the 20th Conference sponsored by H.C. Wainwright, discussing involvement with high-profile technology brands such as Google/Alphabet Inc. (GOOGL; not rated) and Amazon Inc. (AMZN; not rated) in adding interactive touch capabilities to projected images that eminate from smart speaker systems. Smart speaker systems, part of the growing home automation consumer electronics segment, are manufactured and marketed by Amazon and Google while other large brands, such as Apple Inc. (AAPL; not rated), are also contesting the space. We had understood that some large household name brands were surveying MicroVision’s technology, but we think that the relationships may have taken an important step toward deeper collaboration at this juncture.”

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