Lake Street raised the firm’s price target on VirTra to $13 from $9 and keeps a Buy rating on the shares, noting that the company is entering 2024 “riding a four-quarter streak of reporting better top and bottom line results.” The firm thinks CEO John Givens’ experience in the simulator market and long history serving the military space position the company to make significant inroads in this sector and believes the stock can see “meaningful multiple expansion from current levels as this earnings leverage becomes better appreciated,” the analyst tells investors.
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Read More on VTSI:
- VirTra Debuts New Integration of VBS4 at I/ITSEC 2023 to Support Military Clients
- VirTra price target raised to $9 from $8 at Lake Street
- VTSI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- VirTra Founder and Executive Chairman Bob Ferris Inducted into the National Center for Simulation’s Modeling & Simulation Hall of Fame
