Northland initiated coverage of QuickLogic (QUIK) with an Outperform rating and $11.60 price target QuickLogic supplies field-programmable gate array intellectual property, chiplets, and chips for the aerospace and defense industry and critical infrastructure where there is a need for radiation-hardening, extended temperature ranges, and/or a secure supply chain, notes the analyst, who believes this is “a growing niche of the FPGA market driven by Cold War 2.0 and the weaponization of outer space.”
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Read More on QUIK:
- QuickLogic Reports Revenue Decline and Net Loss in Q3
- QuickLogic price target lowered to $10 from $12 at Craig-Hallum
- QuickLogic’s Q3 2024 Financial Results and Strategic Progress
- QuickLogic reports Q3 non-GAAP EPS (6c) vs. 8c last year
- QUIK Earnings this Week: How Will it Perform?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
