Alexander Paris, an analyst from Barrington, reiterated the Buy rating on zSpace, Inc. (ZSPC – Research Report). The associated price target was lowered to $10.00.
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Alexander Paris has given his Buy rating due to a combination of factors including zSpace, Inc.’s better-than-expected revenue performance in the first quarter, despite the challenges in their end markets. The company’s revenue exceeded both guidance and consensus expectations, which is a positive indicator of its potential growth trajectory.
Furthermore, Paris is encouraged by the company’s strategic focus on expanding its higher-margin software and services business, which promises more stable and recurring revenue streams. Although the adjusted EBITDA loss was higher than anticipated, the company’s shares are trading at a discount compared to its peers, providing an attractive investment opportunity. With a revised price target reflecting a significant upside potential, Paris maintains an optimistic outlook on zSpace, Inc.’s stock performance.
Paris covers the Consumer Cyclical sector, focusing on stocks such as Lincoln Edu, Perdoceo Education, and Adtalem Global Education. According to TipRanks, Paris has an average return of 13.5% and a 64.27% success rate on recommended stocks.
In another report released today, Roth MKM also reiterated a Buy rating on the stock with a $12.00 price target.