Craig-Hallum Initiates Kopin (KOPN) with Buy Rating, $6 PT on Defense Program Revenue Potential

Kopin Corporation (NASDAQ:KOPN) is one of the hot tech stocks to buy according to Wall Street analysts. On October 22, Craig-Hallum initiated coverage of Kopin with a Buy rating and $6 price target. Craig-Hallum believes that the company is positioned to capitalize on expanding defense opportunities, which could boost its revenue. The current top-line run-rate of ~$50 million is expected to grow towards $200 million-plus in annual revenue.

Specifically, the firm stated that the company itself believes its current, meaningful pipeline of defense programs alone is capable of driving annual revenue to between $75 million and $100 million as soon as 2027. Furthermore, Craig-Hallum believes the US Army’s Soldier Borne Mission Command program, currently under development, could be a significant, multi-year driver of future revenue growth for the company.

Kopin Corporation (NASDAQ:KOPN), together with its subsidiaries, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the US, the Asia-Pacific, Europe, and internationally.

While we acknowledge the potential of KOPN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.