Ascendiant Capital Markets Maintains Buy Rating for Knightscope Raises Per Share Price Target to $4.00
Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announces that Ascendiant Capital Markets LLC ("Ascendiant") released its latest report maintaining a buy rating for Knightscope shares and has revised its price target upward to $4.00 per share from $3.75 per share.
- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announces that Ascendiant Capital Markets LLC ("Ascendiant") released its latest report maintaining a buy rating for Knightscope shares and has revised its price target upward to $4.00 per share from $3.75 per share.
- View the full release here: https://www.businesswire.com/news/home/20240104703804/en/
Ascendiant Capital Markets Maintains Buy Rating for Knightscope Raises Per Share Price Target to $4.00 (Graphic: Business Wire)
Ascendiant has conducted extensive research and analysis stating, “The company’s solid execution and sales wins drove strong [Q3] revenue growth. - “Valuation attractive: We are maintaining our BUY rating, but raising our 12-month price target to $4.00 from $3.75, based on a NPV analysis, representing significant upside from the current share price.
- We believe this valuation appropriately balances out the company’s high risks with its high growth prospects and large upside opportunities.” – Ascendiant