12 Hot Tech Stocks to Buy According to Wall Street Analysts

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5. Kopin Corporation (NASDAQ:KOPN)

3-Month Performance as of October 24: 80.49%

Number of Hedge Fund Holders: 6

Average Upside Potential as of October 24: 42.12%

Kopin Corporation (NASDAQ:KOPN) is one of the hot tech stocks to buy according to Wall Street analysts. On October 22, Craig-Hallum initiated coverage of Kopin with a Buy rating and $6 price target. Craig-Hallum believes that the company is positioned to capitalize on expanding defense opportunities, which could boost its revenue. The current top-line run-rate of ~$50 million is expected to grow towards $200 million-plus in annual revenue.

Specifically, the firm stated that the company itself believes its current, meaningful pipeline of defense programs alone is capable of driving annual revenue to between $75 million and $100 million as soon as 2027. Furthermore, Craig-Hallum believes the US Army’s Soldier Borne Mission Command program, currently under development, could be a significant, multi-year driver of future revenue growth for the company.

Kopin Corporation (NASDAQ:KOPN), together with its subsidiaries, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the US, the Asia-Pacific, Europe, and internationally.

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