Cyngn (CYN, Financial) has received a notice of allowance for a patent that advances their autonomous vehicle technology. The patent, titled “Modular Sensor System For Automated Guided Vehicles,” describes a versatile sensor system designed to integrate with existing industrial machinery with minimal alterations. This development is noteworthy due to the system's adaptability, allowing it to work with various industrial machines that have different shapes and operational limitations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Cyngn Inc (CYN, Financial) is $12.00 with a high estimate of $12.00 and a low estimate of $12.00. The average target implies an upside of 157.51% from the current price of $4.66. More detailed estimate data can be found on the Cyngn Inc (CYN) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Cyngn Inc's (CYN, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
