Lake Street Initiates Franklin Wireless with Buy Rating, $6 PT, on Mobile Hotspot Growth Potential

Lake Street initiated coverage of Franklin Wireless (FKWL) with a Buy rating and $6 price target, citing the company's position in the expanding mobile hotspot market. The firm believes demand will be fueled by hybrid work models, backup internet needs, and mobile connectivity. Franklin Wireless offers lower-cost wireless solutions, and its US-based headquarters gives it an advantage in gaining market traction.