It was good to see this. Even though See-Through is "sell side", at this point this company can use whatever help it can get.
I'm bullish about the stock but I thought that they went too far in calling for such a high PT. They could have called for something like $35/share which would have sounded a little more credible, and then if it started approaching that price they could then always move it up higher.
They are expecting $83M in revenue, which would be quite an achievement if FTE can get there. With the substantial backlog they had as of 9/30 it certainly seems doable.
I imagine there have been a lot of folks who became attracted to this story after the 3Q earnings came out, but who were reticent to buy in the face of the stiff headwinds caused by the combination of the aftermath of the reverse split combined with the fact that we are in the peak point of tax-loss selling season. In light of the rally in the stock over this last couple of days, it will be interesting to see whether these folks continue to stay on the sidelines, waiting for it pull back again, or whether they just jump in and start buying.
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