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POET Technologies stock drops 30% from peak despite strong AI infrastructure deal

Analyst Insights
21 May 2026
24/7 Wall Street
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Bearish
pluang ai news

POET Technologies shares surged over 133% in 2026 due to a major Lumilens supply agreement but now face a sell recommendation as the stock price at $14.78 exceeds fundamentals. The company reported Q1 2026 revenue above expectations but missed earnings per share, with ongoing lawsuits and lost partnerships weighing on sentiment. While the AI optics market offers growth potential, risks include continued losses, legal issues, and execution delays. The price target is set at $10.38, implying nearly 30% downside, with upside possible if Lumilens revenue and 800G shipments ramp up as planned later in 2026.

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