BTIG analyst Matthew VanVliet reiterated a Buy rating on Vuzix (NASDAQ:VUZI) Corporation on Tuesday, setting a price target of $30, which is approximately 73.51% above the present share price of $17.29.
VanVliet expects Vuzix Corporation to post earnings per share (EPS) of -$0.09 for the second quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Vuzix, with an average price target of $24.33.
The analysts price targets range from a high of $30 to a low of $13.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $4.23 million and a net profit of -$4.86 million. The company's market cap is $1.09 billion.
According to TipRanks.com, BTIG analyst Matthew VanVliet is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 11.4% and a 42.00% success rate.
Vuzix Corp. engages in the design, manufacture, marketing, sale, and supply of augmented reality wearable display devices. Its products include personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. The firm's solutions include VUZIX basic apps, VIP program, remote support., Tele-medicine and warehouse logistics. The company was founded by Paul J. Travers in 1997 and is headquartered in West Henrietta, NY.