BK Technologies price target raised to $74 from $55 at Lake Street

Lake Street analyst Jaeson Schmidt raised the firm’s price target on BK Technologies (BKTI) to $74 from $55 and keeps a Buy rating on the shares after a “blowout” quarter in which revenue, AEBITDA, and EPS came in above estimates. With the company also having raised guidance, the firm says it is “hard-pressed to find anything to pick at from the print.” The firm, which expresses increased confidence that BK remains positioned to see accelerating growth this year and next, believes the upwardly revised guidance “could still prove conservative,” the analyst added.