Rubicon price target lowered to $10 from $14 at Canaccord Canaccord lowered its price target on Rubicon to $10 from $14 to reflect lowered Q2 estimates and lower profitability in the second half of the year. The firm keeps its Buy rating on the shares as they believe sapphire pricing will continue to tighten leading to upside to Street estimates.
Rubicon shares undervalued, says Dougherty Dougherty said Rubicon continues to sampling its rectangular shaped sapphire blocks with several smartphone OEM manufacturers and is well positioned if this market segment takes off. The firm views shares as undervalued and reiterates its Buy rating and $11 price target.
Rubicon Technology volatility increases on sharp rally Rubicon Technology October call option implied volatility is at 148, November is at 181, December is at 206; compared to its 26-week average of 60 according to Track Data, suggesting large near term price movement.