Stifel analyst Jonathan Siegmann reiterated a Buy rating and $5.50 price target on Kopin Corp (NASDAQ: KOPN).

The analyst commented, "Wednesday morning, KOPN announced a $3.2m initial order for an optical module to support a key partner's FPV drone goggle system. While the company hinted at incoming FPV goggle orders in 2H26 on the 4Q25 earnings call, the order came ahead of most's expectations driving the 12.6% increase yesterday and additional 10% increase today. Below we outline what we know about the order so far, highlight the key products on display at KOPN's recent NYC Tech Day (April 2nd), and cover our recent model update with the release of the 10K. Longer-term we still remain optimistic around the SBMC opportunity. We remain Buy rated with a $5.50 TP based on our $150m midterm revenue estimate."

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Shares of Kopin Corp closed at $3.53 yesterday.