Kopin Stock Pops On ‘Buy’ Rating From Canaccord: Retail Remains Undecided

Kopin Corp. (KOPN) stock rose by over 3% in morning trade on Thursday after Canaccord analyst George Gianarikas initiated coverage of Kopin with a ‘Buy’ rating and set a $2 price target. 

Kopin specializes in application-specific optical systems and high-performance microdisplays for sectors including defense, enterprise, and medical applications. 

Canaccord sees a "premium multiple" for the shares as justified "by several factors." 

According to the research note cited by TheFly, Kopin’s ongoing defense projects—many in funded R&D phases—could significantly boost revenue streams.

In October, the company announced it had secured a contract to further develop its nighttime augmented reality HUD (Head-Up Display) technology to support warfighters using night vision devices.

Kopin's defense product revenue increased 109% year-over-year to $10.4 million in Q3 2024.

The analyst told investors in a research note that the company is also seeing expanding application opportunities in the medical and consumer markets. 

Last year, Kopin broadened its reach into the medical sector by developing wearable surgical monitoring devices and high-resolution spatial light modulators for super-resolution microscopy systems.

Canaccord believes Kopin's "diverse market opportunities appear set to receive a material boost through its strategic initiatives to capture a growing share of wallet." 

It also sees optionality, noting that the company could look to expand either through targeted acquisitions or as an acquisition target itself.

Retail sentiment around the stock remained ‘neutral’ even as chatter increased to ‘normal’ from ‘low’ levels a day ago. 

Kopin's stock had a tough 2024, declining over 30% for the year, including a sharp 43% drop in August that brought its shares to a low of $0.66.

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