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Northland Securities Remains a Buy on QuickLogic (QUIK)

Tipranks - Tipranks - Thu May 15, 2025

Northland Securities analyst Gus Richard maintained a Buy rating on QuickLogic (QUIK – Research Report) today and set a price target of $8.20. The company’s shares closed yesterday at $6.55.

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According to TipRanks, Richard is a 5-star analyst with an average return of 15.7% and a 54.91% success rate. Richard covers the Technology sector, focusing on stocks such as Intel, Advanced Micro Devices, and QuickLogic.

QuickLogic has an analyst consensus of Strong Buy, with a price target consensus of $12.30, representing an 87.79% upside. In a report released today, Oppenheimer also reiterated a Buy rating on the stock with a $11.00 price target.

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Based on QuickLogic’s latest earnings release for the quarter ending December 29, the company reported a quarterly revenue of $5.71 million and a GAAP net loss of $305 thousand. In comparison, last year the company earned a revenue of $7.48 million and had a net profit of $2.04 million

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