24/7 Wall St. Sets $21.14 POET Target on $50 Million Lumilens Order
Updated
Updated · Yahoo Finance · Aug 19
24/7 Wall St. Sets $21.14 POET Target on $50 Million Lumilens Order
2 articles · Updated · Yahoo Finance · Aug 19
Summary
$21.14 is 24/7 Wall St.'s new target for POET Technologies, implying 124.89% upside from the stock's $9.40 price.
$50 million in Lumilens purchase orders — with framework potential above $500 million over five years — underpins the bullish call on POET's Optical Interposer platform.
Q2 FY26 revenue rose 112.29% year over year to $569,925 but missed expectations by 17.58%, while POET has now posted three straight revenue misses.
$796 million in cash and short-term investments after a $400 million offering removes funding pressure, but a 965 price-to-sales ratio leaves little room for execution mistakes.
POET is pitching into a fast-growing AI optics market: management targets 30,000-plus optical engines shipped in 2026, while AI cluster Ethernet optics is projected at $26 billion.
Can POET's $50M Lumilens deal and automated assembly truly transform the AI optical market, or will execution risks derail its 2026 commercialization?
With a $400M cash injection, will POET's revolutionary pick-and-place tech conquer the $26 billion AI networking market despite looming production hurdles?