POET Technologies Inc. (POET)
NASDAQ: POET · IEX Real-Time Price · USD
2.860
+0.090 (3.25%)
Jul 2, 2024, 4:00 PM EDT - Market closed
POET Technologies Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for POET Technologies stock has a target of 7.50, which predicts an increase of 162.24% from the current stock price of 2.86.
Analyst Consensus: Strong Buy
* Price targets were last updated on Sep 1, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for POET is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | May '23 | Jun '23 | Jul '23 | Aug '23 | Sep '23 |
|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $8 → $7.5 | Strong Buy | Maintains | $8 → $7.5 | +162.24% | Sep 1, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +74.83% | Apr 26, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $10 → $5 | Strong Buy | Maintains | $10 → $5 | +74.83% | Aug 11, 2022 |
| Craig-Hallum | Craig-Hallum | Strong Buy Initiates $11 | Strong Buy | Initiates | $11 | +284.62% | May 25, 2022 |
Financial Forecast
Revenue This Year
510.00K
from 465.78K
Increased by 9.49%
Revenue Next Year
18.05M
from 510.00K
Increased by 3,440.00%
EPS This Year
-0.40
from -0.51
EPS Next Year
-0.11
from -0.40
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 525,000 | 18.6M |
| Avg | 510,000 | 18.1M |
| Low | 490,000 | 17.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 12.7% | 3,544.1% |
| Avg | 9.5% | 3,440.0% |
| Low | 5.2% | 3,301.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.41 | -0.12 |
| Avg | -0.40 | -0.11 |
| Low | -0.38 | -0.11 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.