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Neonode: Rocket Growth Does Not Come Overnight - Redeye

Redeye maintains its positive view on Neonode following the Q1 report. There is no need to worry about sales not taking off following the increase in partner activity. We urge investors to focus on partner activity rather than on short-term sales. We maintain our estimates and keep our valuation.

Fair value range: Base 9 USD, bear case 4 USD, bull case 18 USD.
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