Northland analyst Michael Latimore lowered the firm’s price target on Genasys to $4.50 from $6 and keeps an Outperform rating on the shares. Management lowered FY24 hardware guidance $15M given timing of government funding, notes the firm, which is lowering its own FY24 revenue forecast to $28.3M and FY25 view to $70M.
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 GNSS: