Navitas Semiconductor
This company’s breakthrough chip technology makes it a potential takeover candidate. Navitas Semiconductor Corp. (NASDAQ: NVTS) develops ultra-efficient gallium nitride (GaN) semiconductors, transforming the performance of power electronics. The company primarily sells its GaN integrated circuits (ICs) into mobile markets but is developing technology to supply high-growth areas such as automotive, solar and data centers.
The company was founded in 2014. GaN power ICs integrate GaN power with drive, control, sensing and protection to enable faster charging, higher power density and greater energy savings for mobile, consumer, enterprise, eMobility and new energy markets. Over 150 Navitas patents are issued or pending. Over 50 million units have been shipped with zero reported GaN field failures. Navitas introduced the industry’s first and only 20-year warranty as well. Plus, is the world’s first semiconductor company to be CarbonNeutral-company certified.
Navitas Semiconductor stock has a $12 target price at Baird. That is well above the $6.45 consensus target. The shares traded at $6.40 on Friday.
SoundHound AI
This stock could be a huge winner, as its technology continues to be added to other platforms. SoundHound AI Inc. (NASDAQ: SOUN) develops an independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers.
Its products include Houndify platform. The platform offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech and embedded voice solutions.
The company announced back in January that, as part of a targeted restructuring, it will increase its focus on SoundHound for Restaurants while reducing investment in new verticals and already completed language development projects. It will maintain its growing licensing business in smart devices, TV and automotive verticals.
These measures are expected to reduce costs by approximately 40% while still enabling the company to deliver revenue growth of over 50% in 2023. As a result of this restructuring, cost reductions and revenue growth, SoundHound expects to have much lighter capital needs going forward and become operating cash flow positive by the fourth quarter of this year.
Wedbush’s target price of $7 compares with the $5.04 consensus and a $2.00 share price seen on Friday.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.
Originally published at 24/7 Wall St.
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