The projections from Value Line for a 3 -5 year target put ANAD at a low of $15 and a high of $30. Granted, it's a wide spread, but median estimates still give you $22.50, some 275% above today's price.

The following is from Value Line Investment Survey April 14, 2006 :
Revenues for ANADIGICS are poised to grow almost 40% this year. The company has been experiencing strong demand coming from broadband technology and the wireless sector, where revenues grew by 58%, year over year, in the fourth quarter. It has a good relationship with Tier 1 manufacturers, including Motorola and Intel. An area in particular where ANADIGICS has the technology to excel is the handset arena. Higher-generation cellphones may well grow at a pace exceeding 50% per annum for the next few years, giving the company the potential to move towards consistent operating profitability down the road. Meanwhile, ANADIGICS has growth potential in the DVR market as proliferation of digital cable continues.