Byrna Technologies price target raised to $21.75 from $20.75 at Ladenburg

Ladenburg raised the firm’s price target on Byrna Technologies to $21.75 from $20.75 and keeps a Buy rating on the shares. The company reported “impressive” Q3 results, the analyst tells investors in a research note. The firm says the shift in advertising strategies that Byrna kicked off in early September 2023 has led to a significant uptick in web traffic and new customer orders. With Byrna’s expanding presence in the non-lethal personal security market, Ladenburg continues to anticipate a “robust” revenue ramp in the coming years due to increased adoption and frequent use by both consumers and professional security personnel.