Resonant (RESN) Gets a Buy Rating from Needham

In a report released yesterday, Rajvindra Gill from Needham maintained a Buy rating on Resonant (RESNResearch Report), with a price target of $4.50. The company’s shares closed yesterday at $2.39.

According to TipRanks.com, Gill is a 5-star analyst with an average return of 11.8% and a 55.0% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies Inc, and Smart Global Holdings Inc.

Currently, the analyst consensus on Resonant is a Moderate Buy with an average price target of $4.25, a 77.8% upside from current levels. In a report released yesterday, H.C. Wainwright also maintained a Buy rating on the stock with a $4 price target.

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The company has a one-year high of $5.53 and a one-year low of $0.92. Currently, Resonant has an average volume of 119.7K.

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Resonant, Inc. operates as a development-stage company, which engages in the creation of filter designs for radio frequency front-ends for the mobile device industry. Its products include the Infinite Synthesized Networks. Infinite Synthesized Networks designs complex filter products.