Northland Capital Markets Remains Bullish Ahead of Microvision (MVIS) Potential 2H Ramp

Northland Capital Markets maintains an Outperform rating and $3.50 price target on Microvision (NASDAQ: MVIS) ahead of potential 2H revenue ramp. Analyst Michael Latimore believes that there is a good opportunity for large retailers to promote pico projectors this holiday season. Success of such products would give more visibility into 2016.

Latimore commented, "Reiterating Outperform rating as we believe MVIS is on track to show a 2H revenue ramp. This material improvement reflects the culmination of years of technology development, a massive effort to get the Sony module launched, elimination of supply constraints, and market receptivity. We estimate 240% growth for this year. We also believe MVIS has established sufficient manufacturing capacity to fulfill strong demand."

For an analyst ratings summary and ratings history on Microvision click here. For more ratings news on Microvision click here.

Shares of Microvision closed at $3.09 yesterday.

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