Guardforce AI assumed with a Buy at EF Hutton

EF Hutton assumed coverage of Guardforce AI with a Buy rating and $4.50 price target The company is actively investing in artificial intelligence capabilities for both its AI Product Solutions and AI Travel Aid, the analyst tells investors in a research note. The firm says interest from current partners for utilizing its AI Product Solutions product has been “surprisingly positive,” which could lead to quick sales following its fiscal 2025 launch.