
Everspin Technologies (MRAM) Stock Forecast & Price Target
Everspin Technologies (MRAM) Analyst Ratings
Bulls say
Everspin Technologies is the leading supplier of MRAM products, specifically STT-MRAM, in the growing market of MRAM adoption. The company's strong customer base, diverse end markets, and increasing traction of its 1Gb STT-MRAM device make it a top choice for investors. The recent $40MM U.S. defense RDT&E award and strategic agreement with Microchip will significantly contribute to the company's revenue growth and potential upside in the future. These factors combined with the company's high-reliability product roadmap, stable OpEx, and anticipated growth in licensing revenues make Everspin Technologies an attractive investment opportunity with a positive outlook.
Bears say
Everspin Technologies is expected to experience a slowdown in Toggle sales and an increase in OpEx, resulting in lower EPS. This is due to the slow demand for STT-MRAM and potential macro deterioration in the industrial sector. However, faster than expected adoption of STT-MRAM, a stronger pipeline for RAID and enterprise SSD design wins, and potential licensing agreements may provide some upside for the company. In the base case scenario, Everspin may see stable growth and steady licensing revenues, but the overall market conditions may impact the company's performance.
This aggregate rating is based on analysts' research of Everspin Technologies and is not a guaranteed prediction by Public.com or investment advice.
Everspin Technologies (MRAM) Analyst Forecast & Price Prediction
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