6.9 C
New York
Friday, March 29, 2024

Infant Tech Company Research Frontiers Could Grow Up To Be Worth $6 A Share

Courtesy of Benzinga.

Infant Tech Company Research Frontiers Could Grow Up To Be Worth $6 A Share

West Park Capital initiated coverage on Research Frontiers, Inc. (NASDAQ: REFR) with an Outperform rating and target price of $6.


Analyst Ishfaque Faruk cited the company’s licensing model, and its potential to generate earnings, specifically from the automotive sector, as its reason for the positive outlook.

Through its licensing model, Research Frontiers licenses out its proprietary technology to glass manufacturers in exchange for 5–15 percent of the licensee’s net sales.

Related Link: The Drone Wars Are Heating Up: Could GoPro Be Left in The Dust?

“We believe this to be an attractive business model, which will enable the company to generate significant earnings once it reaches critical mass,” stated Faruk.

According to Faruk, Research Frontiers’ technology has the most upside potential in automotive, which it expects to comprise about 67 percent of total revenues, with aircraft comprising 25 percent and museums, architectural and marine applications comprising.

At time of publication, Research Frontiers was seen trading at $2.60.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you’d like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Latest Ratings for REFR

Date Firm Action From To
Sep 2016 WestPark Capital Initiates Coverage on Outperform

View More Analyst Ratings for REFR


View the Latest Analyst Ratings

Posted-In: Ishfaque Faruk West Park CapitalAnalyst Color Long Ideas Analyst Ratings Tech Trading Ideas

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x