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OPTEC International Rated Speculative BUY with $5.50 PPS Target by Goldman Small Cap Research
OPTEC International Rated Speculative BUY with $5.50 PPS Target by Goldman Small Cap Research.
About this update from Optec International, Inc.
[{"type":"text","content":"\n\n\n\nOPTEC International Rated Speculative BUY with $5.50 PPS Target by Goldman Small Cap Research\n\n\n\n\n\nOPTEC International Rated Speculative BUY with $5.50 PPS Target by Goldman Small Cap Research\nPR Newswire\nCARLSBAD, California, December 6, 2018\n\n\n\nCARLSBAD, California, December 6, 2018 /PRNewswire/ --\n\nOPTEC International, Inc. (OTCQB: OPTI) today announced that Goldman Small Cap Research issued a new research report on the Company. The report discusses recently announced events, financial forecasts and a $5.50 price target for its shares. To view the update report, along with disclosures and disclaimers, visit http://www.GoldmanResearch.com.\n\nGoldman Small Cap Research Report Highlights  \n\nIn the Opportunity Research update, analyst Rob Goldman discusses OPTEC's recent events and exciting upcoming opportunities that lie ahead.\n\nGoldman noted, \"Via an exclusive worldwide license, OPTEC offers such an innovative, high performance, emission-reducing product that it may not even have a direct peer.  Emissions can be reduced by as much as 90% yet performance increased by as much as 25%. The aftermarket product industry, in which OPTEC participates, is slated to grow to over $847B in 2022. Products offered target the passenger, commercial, fleet, motorcycle, and electric scooter markets.\n\n\"A recent royalty agreement should generate more than $10M in top-line over the next 3 years. OPTEC has just entered the commercialization phase and is in the best position in company history. A combination of royalty and product sales could result in $4M and $14M in revenue for 2019 and 2020, respectively. Since royalty revenue has little to no COGS, operating profit could reach $5M in 2020.\"\n\n\"Our target price is $5.50 and it could prove to be conservative. Our  price target represents a $98M market cap, or 7x projected our 2020E top-line forecast.  Assigning a 20x P/E multiple on just $5M affirms this target. Furthermore, it should  be noted that the stock generally had a base of around $5 in recent months, prior to price declines and has supported prices of over $10 in the past 12 months---before OPTI's current business development successes,\" concluded Goldman.\n\nAbout Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Go...