QuickLogic Corporation (QUIK) is a fabless semiconductor company that develops embedded FPGA (field-programmable gate array) Hard IP, radiation-hardened and antifuse FPGAs, and ruggedized programmable-logic solutions for aerospace, defense, industrial, and computing markets. The shares have been extraordinarily volatile, and a central question for investors is whether they can climb back toward the $23 level implied by current analyst price targets.
The central $23 target reflects three individual analyst price targets that are current and attributable. Craig-Hallum raised its target to $27 from $10 in August 2026, citing a scalable FPGA IP model and defense niches. Lake Street holds a $22 target (analyst Tyler Burmeister), and Needham's Neil Young maintained a Buy rating while lowering his target to $20 from $22 in September 2026 amid a leadership transition.
That yields a calculated mean of $23.00, with a low-to-high range of $20 to $27. The range is meaningful: the gap between the most cautious and most bullish views is about 35%, underscoring that analysts share a broadly positive long-term thesis but disagree on timing and valuation. A separate, older Northland Securities Hold rating with an $8 target dates to March 2026 and is excluded as stale. The overall tone is bullish-to-constructive, with the central target well above the current price rather than a modest re-rating.
QuickLogic recently traded around $8.47, near the lower end of a 52-week range of $5.28 to $24.33. The stock has fallen sharply from levels above $20 reached earlier in 2026, so the $23 target essentially represents a recovery toward prior highs rather than new territory. To reach $23 from $8.47, the shares would need to rise about 170% — a very large move by any standard.
Getting there would likely require QuickLogic to deliver sustained, higher-margin revenue growth, demonstrate a credible path to non-GAAP (non-Generally Accepted Accounting Principles) profitability and positive cash flow, and convert its radiation-hardened design wins into visible, recurring revenue. The company reported second-quarter 2026 revenue of $5.48 million (up 49% year over year) and narrowed its net loss, but it remains unprofitable on a trailing basis with roughly $16.3 million in trailing 12-month revenue.
The shares sit below both the 50-day moving average (near $10) and the 200-day moving average (near $12.65), indicating a downtrend in the intermediate term. The 52-week high of $24.33 is a key overhead level, just above the $23 target. A durable move toward the target would likely require reclaiming the $10–$13 zone first, which now represents a support/resistance transition area after the decline from earlier highs. The $5.28 52-week low marks the primary downside support.
Analyst price targets typically reflect a roughly 12-month research horizon, though individual analysts may differ. The single most important near-term catalyst is QuickLogic's third-quarter 2026 earnings report and conference call, scheduled for November 10, 2026, after the close, with consensus estimates near a loss of $0.05 per share on about $5.51 million in revenue. Investors should also monitor government contract awards, updates on the delayed contract extension, any changes to full-year guidance, analyst target revisions, and broader defense-technology spending trends.
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The $23 central target is the arithmetic mean of three current analyst targets ($20, $22, and $27) and represents a roughly 170% gain from the recent price near $8.47. The bull case rests on a credible, higher-margin radiation-hardened and defense opportunity and a tightening path toward profitability. The principal obstacles are revenue concentration, execution and timing risks, continued losses, and the stock's small-cap volatility. Analyst disagreement — a $20-to-$27 range — reflects genuine uncertainty about how quickly these programs convert into revenue. Investors should focus on earnings delivery, guidance, and contract milestones rather than treating the $23 figure as a foregone conclusion.
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A.I.dvisor indicates that over the last year, QUIK has been loosely correlated with AIP. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if QUIK jumps, then AIP could also see price increases.
| Ticker / NAME | Correlation To QUIK | 1D Price Change % | ||
|---|---|---|---|---|
| QUIK | 100% | +6.56% | ||
| AIP - QUIK | 63% Loosely correlated | -0.64% | ||
| MU - QUIK | 60% Loosely correlated | -1.59% | ||
| RMBS - QUIK | 59% Loosely correlated | -0.46% | ||
| NVTS - QUIK | 59% Loosely correlated | -5.06% | ||
| AOSL - QUIK | 59% Loosely correlated | -1.07% | ||
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