Freedom Broker initiated coverage on Lightwave Logic Inc. (NASDAQ:LWLG) with a "Buy" rating. The firm set a price target of $10.00. This target suggests a significant potential upside. Shares climbed following the announcement.
Freedom Broker bases its positive outlook on Lightwave Logic's proprietary electro-optic polymer technology, Perkinamine. This technology creates more power-efficient and smaller silicon chips. These chips are essential for high-speed data modulation in modern AI interconnects.
The brokerage noted the company has several late-stage customer programs. Lightwave Logic works towards commercialization. Operations are funded through at least the end of 2027.