VirTra price target lowered to $5 from $7 at Lake Street

Lake Street lowered the firm’s price target on VirTra (VTSI) to $5 from $7 and keeps a Buy rating on the shares. While “disappointed” to see continued headwinds from the government funding environment put a damper on the end of the year, the firm does not believe investors should be surprised and it is “encouraged” by the quarter-over-quarter and year-over-year growth in backlog exiting the year, the analyst tells investors in a post-earnings note.