Atomera price target raised to $17 from $13 at Craig-Hallum

Craig-Hallum analyst Richard Shannon raised the firm’s price target on Atomera (ATOM) to $17 from $13 and keeps a Buy rating on the shares. Atomera’s license with STMicroelectronics (STM) is "a watershed moment" for the company, as it proves out MST’s technology and willingness of a large semi maker to commit to production, the firm says. Craig-Hallum believes this license could bridge Atomera close, if not to, breakeven, and greatly reduces liquidity risk. In addition, it suggests that two different drivers of potential success for other customers could be happening in the near-term. While the firm is "not going to assume anything is imminent," it believes after a few years of waiting for this day, "investors’ minds will wander."