Ann: Research Coverage From TMT Analytics-XPE.AX, page-20

24 cents target with conservative estimates with strong potential upside to their numbers - hello - no guesses what's going to happen Friday

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Conclusion: BUY rating with A$0.24 price target
Given XPE’s relatively short commercialization track record, we have been conservative in our estimates, assuming five semiconductor customers will adopt ADRC in the next eighteen months. However, given the sheer size of the global IoT market we potentially see strong upside to our numbers if XPE is able to land some of the bigger names in the industrial IoT and consumer electronics space, such as Cisco, Qualcomm, STMicro, NXP/Freescale, Texas Instruments, Sony, Samsung and Panasonic.