D. Boral Capital Starts Microvision (MVIS) at Buy

D. Boral Capital analyst Jesse Sobelson initiates coverage on Microvision (NASDAQ: MVIS) with a Buy rating and a price target of $3.00.

The analyst comments "MVIS is a lidar sensor manufacturer expecting to earn market share in the industrial & automotive industries over the next decade. While not profitable today, MVIS finished 3Q24 with $234M in available liquidity following a material convertible debt issuance, followed by a $12.3M reduction in debt & incremental $8M in cash raised, which should be enough to fund the business through 2026. In that time, MVIS will build inventory for existing customers with growing demand, as well as invest in winning business from 15 active RFQs in its industrial verticals. Beyond that, a strong capital position will help MVIS win implementations with major Automotive OEMs and Tier 1 suppliers as soon as 2028."

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 $1.51 yesterday.

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