Roth MKM analyst Matt Koranda raised the firm’s price target on Byrna Technologies (BYRN) to $20 from $17 and keeps a Buy rating on the shares after hosting meetings with its management. The firm’s key takeaway was that the company remains on-track to deliver a strong Q4, and it sees the “CL” offering as driving a new product cycle and growth in FY25 and beyond, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYRN:
- Byrna (BYRN) Expands Market Footprint, Stock Surges 336% in a Year
- Byrna Technologies price target raised to $21.75 from $20.75 at Ladenburg
- DOJ may push for breakup of Google: Morning Buzz
- Byrna Technologies reports Q3 EPS 4c, consensus 5c
- Byrna Technologies management to meet virtually with Roth MKM