▼ -18.01% Downside Potential
This price target is based on 10 analysts offering 12 month price targets for NeoPhotonics in the last 3 months. The average price target is $10.17, with a high forecast of $14.00 and a low forecast of $7.00. The average price target represents a -18.01% upside from the last price of $12.40.
The current consensus among 10 contributing investment analysts is to buy stock in NeoPhotonics. This rating has held steady since March 2019, when it changed from a Hold consensus rating.
NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks worldwide. It offers high speed products, including transmitter, receiver, and switching products for 100G and optical transmission applications over distances of 2 to 2,000 kilometers; ultra-narrow linewidth tunable lasers that generate ultra-pure wavelength or color for coherent transmission; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent optical signals. The company also provides pluggable coherent transceivers that combine ultra-narrow linewidth laser with coherent receiver and performance coherent modulator; and 100G products for data center applications. In addition, it offers multi-cast switch modules, a proprietary switching solutions for coherent systems; and network products and solutions, such as arrayed wavelength gratings, multiplexers, and filters used in dense wavelength division multiplexing systems. The company sells its products to network equipment manufacturers through a direct sales force in North America, Europe, and Asia. The company was formerly known as NanoGram Corporation and changed its name to NeoPhotonics Corporation in 2002. NeoPhotonics Corporation was founded in 1996 and is headquartered in San Jose, California.