Knightscope: Transformational Acquisition and Full-Service Security Pivot Drive Undervalued Buy Opportunity

In a report released today, Scott Buck from H.C. Wainwright maintained a Buy rating on Knightscope Inc Class A, with a price target of $12.00.

Scott Buck has given his Buy rating due to a combination of factors tied to Knightscope’s evolving business model and growth outlook. He views the recent acquisition of Event Risk as transformational, as it meaningfully increases revenue scale, adds positive adjusted EBITDA, and positions the company as a full-service security provider that can bundle robots with armed and unarmed guard services.

He also highlights that the combined platform should unlock cross-selling opportunities, support faster recurring revenue growth, and help move the overall business toward improved gross margins and profitability. In his view, the shares trade at a substantial discount to peers on an EV/revenue basis, while the new strategy and stronger 2026 metrics provide significant upside potential, justifying a Buy rating and a $12 target price.

In another report released yesterday, Lake Street also maintained a Buy rating on the stock with a $8.00 price target.