Lake Street lowered the firm’s price target on Knightscope (KSCP) to $9 from $17 and keeps a Buy rating on the shares after the company reported revenue in line with its preliminary Q4 expectations and profitability above the firm’s estimates. While the firm is “pleased with the story” and says its long-term thesis remains intact, it lowered its price target on the shares to reflect the broad-based multiple compression in the market.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KSCP:
- Knightscope to sell 625,000 shares at $2.75 in registered direct offering
- AI Daily: DeepSeek banned on U.S. government devices
- Knightscope submits AI recommendations to the White House
- Knightscope reports four ASR subscription agreement renewals, seven deployments
- Knightscope management to meet virtually with Lake Street