Aspen Aerogels price target lowered to $22 from $31 at Roth MKM

Roth MKM lowered the firm’s price target on Aspen Aerogels (ASPN) to $22 from $31 and keeps a Buy rating on the shares. The stock has moved firmly out of favor following a momentum-driven upswing, but the firm sees “favorable risk/reward”, noting that while near-term overhang remains around EV market growth trajectory, capacity expansion plans, there is clear strategic optionality and a contrarian opportunity emerging versus current sentiment, the analyst tells investors in a research note.