27/10/2021 Wilsons initiates coverage of Etherstack (ASX:ESK): “Overweight”
Wilson’s Advisory senior technology analyst, Ross Barrows, has initiated research coverage on Etherstack, yielding an ‘overweight’ rating and an over 50% increase in the 12 month target price for the firm’s stock.
Barrows’ cited three prominent reasons to buy Etherstack stock at the present time:
- Global momentum growing in Land Mobile Radio (“LMR”) Technology
- Leveraging the partnership with Samsung over the next three years to win new contracts
- Attractive tailwinds and awareness from regulatory and government infrastructure that is expected to rise over the next 36-48 months
Quoting the research, Etherstack CFO David Carter said “We’re very pleased to see research initiated for the company. Etherstack is in a strong position and the Wilson’s research report succinctly captures these positives. This is an exciting time for Etherstack driven by quality products and solutions underpinned by world leading technology and a healthy pipeline of opportunities ahead of us. Management looks forward to realising the potential of the company”.
For further information for investors and potential investors please contact Etherstack at [email protected] .
Ross Barrows, Wilson’s Advisory – October 2021.