SOURCE: Vista Partners LLC

Vista Partners LLC

June 29, 2016 09:00 ET

Vista Partners Updates Coverage on Vuzix Corporation (NasdaqCM: VUZI); Raises Price Target to $15.00

SAN FRANCISCO, CA--(Marketwired - Jun 29, 2016) - Vista Partners announced today that it has updated coverage on Vuzix Corporation (NASDAQ: VUZI) ("The Company" or "Vuzix") and raised its twelve-month price target from $12.00 to $15.00. Ross Silver, Principal Analyst at Vista Partners, stated, "Vuzix is a leading supplier of Video Eyewear and Smart Glasses products in the consumer, commercial and entertainment markets. The Company's products include personal display and wearable computing devices that offer users a portable high quality viewing experience, provide solutions for mobility, wearable displays, virtual and augmented reality. Vuzix holds 43 patents and 23 additional patents pending and numerous IP licenses in the Video Eyewear field. The Company has Strategic partnerships with Lenovo & other Fortune 500 companies including SAP, AT&T, Intel, DHL and NTT Docomo." Mr. Silver concludes, "In April 2016, Digi-Capital forecast combined AR/VR market revenue of $150B by 2020, with AR taking the lion's share of $120B, and VR making up $30B."

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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista focuses on investing globally across all market sectors. Vista also provides investment considerations on publicly traded companies through a platform of stock research reports, newsletters, company specific webpages and daily commentary. The platform of products is meant to serve as potential tools for investors to learn about investment considerations. It is Vista's mission to provide investors with tools that may enable them to make profitable investment decisions with the goal to deliver investment considerations that outperform small, mid and large cap equity indexes. 

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