Microvision to Push Past $2.00 During 2023Microvision is heavily undervalued. I've had the unfortunate chance of buying around $1,000 of it in 2014 and having to sell due to issues with my trading account, only to have the stock nearly double after Sony announced a partnership with them in less than 2 weeks.
Today; Microvision has a spatial chip which the industry haven't even figured out how to use: www.microvision.com I am certain that once the industry catches up with the long-term innovation of MVIS, that their patents will increase in value tremendously. Right now, the Consumer LiDar is like the Microsoft "tablet" seen in the wild over a decade ago (look up "Microsoft's 2008 Surface 'coffee table'"). This technology is ahead of its time, and people haven't figured out how to use it yet. Just like we saw Apple take over the market and win in the tablet war, we still saw Microsoft put its technology to use in thing such as the Microsoft surface. Although the "coffee tablet" did not make Microsoft create iPads, we saw their organizational knowledge lead to tremendous success in the coming decade, including in Virtual Reality and touch-screen technology.
In the same way, Microvision and its technologies, Consumer LiDar to be one of them, may not win right out of the gate but it doesn't mean it's not going to be rewarded from its forward thinking inventions.
CNN Business's analysis is a little bit too optimistic in my eyes. I am investing in Microvision for the long-term game, and am not interested in speculations that seem too good to be true. I am confident that Microvision in comparison to today will increase at least 100% by 2023, and it will find support above $1.50.
"The 3 analysts offering 12-month price forecasts for MicroVision Inc have a median target of 3.00, with a high estimate of 3.50 and a low estimate of 1.75. The median estimate represents a +344.31% increase from the last price of 0.68." - CNN Business
This stock currently is my 2nd largest holding (in value), my first is Nvidia.
