Canaccord has adjusted its price target for Kopin Corporation (KOPN, Financial), reducing it from $2.50 to $2.25, while maintaining a Buy rating on the shares. This revision comes even as the company reported impressive fourth-quarter results for 2024, with both revenue and profit margins surpassing forecasts.
The management of Kopin conveyed optimism for future growth, projecting healthy revenue streams in 2025 and 2027. Additionally, they anticipate an expansion in gross margins in 2025, suggesting a positive outlook for the company's financial health and operational efficiencies.
These announcements indicate a robust performance and promising future prospects for Kopin, although the price target adjustment by Canaccord suggests a more measured valuation approach by the firm.
