Immersion Corporation Stock Rises On Apple Inc. iPhone 6 Deal

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.

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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.

How A Weakening PE Market Serves As Another Sign Of A Weakening Economy

InvestAmid the turmoil in the public markets and the staggering macroeconomic environment, it should come as no surprise that the private markets are also struggling. In fact, there are some important links between private equity and the current economic environment. A closer look at PE reveals that the industry often serves as a leading indicator Read More

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