Immersion Corporation Stock Rises On Apple Inc. iPhone 6 Deal

In a research note issued today Feltl and Company analyst Jeffrey Schreiner maintained a Buy rating on Immersion Corporation (NASDAQ:IMMR) with a price target of $13.00 following a potential partnership between IMMR and Apple on manufacturing the upcoming iPhone 6.

Schreiner noted, “Potential license with Apple Inc. (NASDAQ:AAPL) for use of haptics in its iPhone6/iPad offers investors a potential call option, in our opinion, which could generate as much as ~$3/share in upside. We believe with both near-term and longer-term growth catalysts, and potential call option relating to AAPL, investors should be accumulating shares of Immersion Corporation as we see current valuation understating potential opportunities”.

According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Jeffrey Schreiner currently has a one-year average return of 4.7 and a 59% success rate. Schreiner has a 1% average profit recommending Immersion Corporation (NASDAQ:IMMR), and he is ranked #1123 out of 3137 analysts.

Immersion APPLE



About the Author

TipRanks
TipRanks was founded in 2012 with the goal of giving power back to the individual investor. Our hope is that by making analyst performance data easily available and highly visible to the investing public, TipRanks will not just help save others from our investing mistakes, but will also bring back accountability, objectivity, and transparency to the business of stock picking and analyst reports. TipRanks is proudly unaffiliated with any investment firm.