
Immersion (IMMR) Stock Forecast & Price Target
Immersion (IMMR) Analyst Ratings
Bulls say
Immersion Corp has shown positive financial developments, evidenced by an increase in book value and a strengthened cash balance despite share repurchases. The company's recent disclosure of an automotive license has contributed to a rise in fixed license revenue compared to the previous year, indicating growth in a key market segment. Enhanced user experience through haptic technology positions Immersion favorably within the mobile, gaming, and automotive sectors, which may drive future revenue growth as optimism in the automotive industry improves.
Bears say
Immersion Corp experienced a revenue decline attributed to challenging market conditions in the mobile phone, automotive, and video game sectors, which have adversely affected its financial performance. The company's reported revenue of $8.4 million fell short of forecasts, which anticipated $9.5 million, indicating a significant deviation from expected financial results. This underperformance raises concerns regarding the sustainability of its revenue streams and the potential impact on future growth amid a competitive landscape.
This aggregate rating is based on analysts' research of Immersion and is not a guaranteed prediction by Public.com or investment advice.
Immersion (IMMR) Analyst Forecast & Price Prediction
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