EMCORE (NASDAQ:EMKR) was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating in a research report issued on Friday. They currently have a $5.75 price target on the semiconductor company’s stock, down from their previous price target of $6.00. B. Riley’s price objective would indicate a potential upside of 15.00% from the stock’s previous close.
Several other research analysts have also recently issued reports on EMKR. Zacks Investment Research cut shares of EMCORE from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 8th. ValuEngine upgraded shares of EMCORE from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. TheStreet cut shares of EMCORE from a “c” rating to a “d+” rating in a report on Thursday, August 2nd. Northland Securities cut shares of EMCORE from an “outperform” rating to a “market perform” rating and set a $5.00 price objective for the company. in a report on Friday, August 3rd. Finally, Lake Street Capital set a $6.00 price objective on shares of EMCORE and gave the company a “buy” rating in a report on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.58.
EMCORE stock opened at $5.00 on Friday. The company has a market capitalization of $144.07 million, a PE ratio of 12.82 and a beta of 0.04. EMCORE has a 12-month low of $4.40 and a 12-month high of $8.00.
EMCORE Company Profile
EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.
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