QuickLogic Analyst Sees 'Cold War 2.0' As Growth Catalyst
QUIK shares down nearly 40% YTD, indicating market challenges. Analyst initiated coverage with an Outperform rating and $11.60 price target. Increasing military spending in the Cold War context benefits QUIK's FPGA market. QuickLogic's serviceable market valued at $422 million, growing at 9% CAGR. Niche hardware positions QUIK favorably against bigger competitors in aerospace and defense.
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