Northland raised the firm’s price target on Genasys to $6 from $5 and keeps an Outperform rating on the shares after the company announced a $60M-$70M deal to build an early warning system in Puerto Rico. Revenue should start at the end of FY24, and accrue mainly in FY25, notes the firm, which is establishing a FY25 revenue estimate of $90.5M.
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