Genasys price target lowered to $4 from $6 at Northland

Northland lowered the firm’s price target on Genasys (GNSS) to $4 from $6 and keeps an Outperform rating on the shares after the company posted a “slight miss” in Q2. The pipeline is growing well, while certain bookings are taking longer, says the analyst, who is reducing the firm’s FY25 revenue forecast to $43.8M from $53.4M previously.