Xplore Technologies Gets a Buy Rating from Maxim Group

In a report released today, Brian Kinstlinger from Maxim Group maintained a Buy rating on Xplore Technologies (NASDAQ: XPLR), with a price target of $6. The company’s shares opened today at $3.23.

Kinstlinger noted:

“XPLR will help a German automotive OEM create paperless factories through the installation of its rugged laptops. We expect the majority of the revenue from this multi-million deal will be recognized over the next two years. This order is further evidence of the strengthening demand trends for its products and adds to revenue visibility. We maintain our Buy rating and $6 price target.”

According to TipRanks.com, Kinstlinger is a 1-star analyst with an average return of -1.3% and a 49.5% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Helios & Matheson North America Inc, BIO-key International Inc, and Applied DNA Sciences.

Xplore Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $6.

The company has a one-year high of $4.20 and a one-year low of $1.54. Currently, Xplore Technologies has an average volume of 52.88K.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock.

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Xplore Technologies Corp. engages in the development, integration, and marketing of rugged mobile personal computer systems and related accessories. It operates through the United States and All other countries segments.

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