Knightscope price target lowered to $12 from $16 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the firm’s price target on Knightscope (KSCP) to $12 from $16 and keeps a Buy rating on the shares. The firm says investors are not valuing small capitalization technology companies in the same manor they did just three months ago. However, it remains long-term positive on Knightscope and would recommend investors utilize recent weakness to accumulate a position ahead of more favorable news flow and operating results expected later this year.