Lake Street sees market share gains, starts Knightscope with a Buy

As previously reported, Lake Street initiated coverage of Knightscope (KSCP) with a Buy rating and $17 price target The firm thinks the increasing focus on shortages and costs in the labor market and rising property crime provide “solid tailwinds” as the company’s autonomous service robots “nicely complement law enforcement officers and security guards.” Knightscope is the only company offering a full end-to-end product suite, argues the analyst, who views the company as well-positioned to capture share in the market.