Genasys price target raised to $4.50 from $3.50 at Roth MKM

Roth MKM raised the firm’s price target on Genasys to $4.50 from $3.50 and keeps a Buy rating on the shares after holding talks with its management team. The firm notes that while the timing remains somewhat fluid, PREPA has approvals for the first two groups (of dams), with CROWS – or Common Remotely Operated Weapon Station – retrofits are likely to start by FY25 year-end, and collectively, these two contracts could drive north of $15M per quarter in peak sales, the analyst tells investors in a research note.