
Immersion (IMMR) Stock Forecast & Price Target
Immersion (IMMR) Analyst Ratings
Bulls say
Immersion Corp experienced a positive financial period, as evidenced by a rise in book value alongside an increase in fixed license revenue attributed to a new automotive license. The company reported growth in its cash balance during the fiscal third quarter, despite engaging in share repurchases, highlighting strong cash flow management. The continued demand for haptic technology across various sectors, including mobile, gaming, and automotive, supports a favorable long-term outlook for the company's financial performance.
Bears say
Immersion Corp has reported revenue of $8.4 million, falling short of forecasts which anticipated $9.5 million, indicating underperformance in its financial metrics. The company attributes its lowered revenue to a challenging business environment across critical sectors such as mobile phones, automotive, and video games, which are vital for its operations. This situation suggests ongoing difficulties in securing revenue growth, which likely contributes to a negative outlook for the firm's stock performance.
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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