zSpace, Inc. (ZSPC – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Alexander Paris from Barrington reiterated a Buy rating on the stock and has a $11.00 price target.
Alexander Paris has given his Buy rating due to a combination of factors including the potential for revenue growth and market positioning. Despite zSpace, Inc.’s recent quarterly results falling short of expectations, the company has introduced new products like the Inspire 2 laptop and Imagine Learning Solution, which are expected to drive revenue growth in the upcoming quarters.
Furthermore, zSpace’s stock has shown resilience, trading significantly above its IPO price, which indicates investor confidence. The company’s shares are valued in line with its Edtech peers, and with a price target set at $11, there is a projected upside of 34% from current levels. This potential for growth, alongside the company’s strategic positioning in the K-12 educational market, supports the Buy rating.
According to TipRanks, Paris is a 5-star analyst with an average return of 10.3% and a 60.72% success rate. Paris covers the Consumer Cyclical sector, focusing on stocks such as Perdoceo Education, Lincoln Edu, and Carriage Services.
In another report released today, Northland Securities also upgraded the stock to a Buy with a $10.00 price target.