Vislink price target raised to $10 from $8.50 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Vislink to $10 from $8.50 and keeps a Buy rating on the shares. The firm notes the company posted Q4 revenue of $8.1M, which was higher than its $5.9M estimate and implies 9% year-over-year growth. Alliance Global believes the revenue growth is the result of the BMS acquisition that added new customers and channel partners. The firm now forecasts revenue to be $34.4M from $27.0M in 2024 and $38.5M from $30.6M in 2025. With new product costs behind the company and cost controls, Alliance Global expects more muted EBITDA losses and that the company will approach break-even in 2025.