Roth Capital Upgrades QuickLogic (QUIK) to Buy

Roth Capital upgraded QuickLogic (NASDAQ: QUIK) from Neutral to Buy with a price target of $2.00 (from $1.50).

Analyst Suji Desilva is encouraged by the most recent EoS update noting "the number of hearables design engagements has increased further since the recent earnings call." The analyst also believes investors should build position ahead of possible hearables device ramp contribution to a lowered FY revenue expectation.

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

Shares of QuickLogic closed at $1.65 Friday.

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