Roth Capital raised the firm’s price target on Byrna Technologies (BYRN) to $35 from $33 and keeps a Buy rating on the shares. Byrna shared several positive key metrics, including successful promotional events around July 4th and Prime Day at Amazon (AMZN), which should enable sustained strong growth in the company’s direct to consumer channel, while also highlighting robust Wholesale door growth, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYRN:
- Byrna Technologies Reports Strong Sales During Prime Day
- Byrna announces sales momentum in e-commerce channels during Amazon Prime Day
- Craig-Hallum bullish on Byrna Technologies, initiates with a Buy
- Byrna Technologies initiated with a Buy at Craig-Hallum
- Byrna Technologies price target raised to $46 from $39 at B. Riley
