
Immersion (IMMR) Stock Forecast & Price Target
Immersion (IMMR) Analyst Ratings
Bulls say
Immersion Corp has demonstrated a positive financial trajectory, highlighted by an increase in book value and a growing cash balance despite share repurchases during the fiscal third quarter. The company has secured an automotive license, which has led to a significant rise in fixed license revenue compared to the previous year. Additionally, the expanding applications of haptic technology across mobile, gaming, and automotive sectors position Immersion favorably for future growth, indicating strong potential for the stock as market conditions improve in the automotive industry.
Bears say
Immersion Corp's recent revenue performance fell short of expectations, with reported revenues of $8.4 million compared to an anticipated $9.5 million, indicating a significant shortfall in financial forecasts. The company is facing challenges due to a difficult business environment in key sectors such as mobile phones, automotive, and video games, which could hinder future growth prospects. This persistent decline in revenue and external market pressures contribute to a negative outlook on Immersion's stock.
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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