
QuickLogic (QUIK) Stock Forecast & Price Target
QuickLogic (QUIK) Analyst Ratings
Bulls say
QuickLogic Corp has demonstrated significant growth, with total sales increasing by 83% year-over-year in the fourth quarter, primarily due to higher revenues from eFPGA IP and professional services licenses. The company has seen robust demand for its new products, achieving a remarkable 140% year-over-year growth in new product sales, contributing $6.8 million despite a decline in mature product sales. Furthermore, the strength of the eFPGA IP opportunities has led to a record sales funnel of $168 million, reflecting its strong position in the aerospace, defense, and IoT markets, and affirming a positive outlook for continued growth and profitability.
Bears say
QuickLogic Corp's financial outlook appears negatively impacted by a significant reliance on mature products, which saw sales decline to $0.6 million, down from $1.2 million in the same quarter the previous year. The longer-than-anticipated adoption of the SensiML software in the industrial IoT markets is forecasted to constrain future growth, coupled with potential repercussions from changes in key customer designs, particularly in consumer devices. Furthermore, QuickLogic's small market capitalization and low trading volume may hinder institutional investment interest, limiting the stock's upward momentum.
This aggregate rating is based on analysts' research of QuickLogic and is not a guaranteed prediction by Public.com or investment advice.
QuickLogic (QUIK) Analyst Forecast & Price Prediction
Start investing in QuickLogic (QUIK)
Order type
Buy in
Order amount
Est. shares
0 shares