After Researching Atomera, We Don’t Believe Its Technology Works – $3 Price Target
Atomera (ATOM) stock is up 300%+ since March, without any fundamental change or improvement in the company.
ATOM management has talked a big game for years but has never sold anything.
ATOM has had three licensing agreements over the past two years which have never led to production revenue. There are many other examples of ATOM’s agreements falling flat.
The semiconductor processing industry is fiercely competitive, and with ATOM’s low R&D spend, it can’t hope to compete with the established players.
We have a one-year price target on ATOM of $3 and a two-year price target of $0.50.
Read the full report on Seeking Alpha here.