zSpace price target lowered to $5 from $10 at Barrington

Barrington lowered the firm’s price target on zSpace (ZSPC) to $5 from $10 and keeps an Outperform rating on the shares. Q2 revenue was ahead of the firm’s estimate, but the adjusted EBITDA loss was higher than expected, the analyst tells investors. Despite management having said it expects the uncertainty and turbulence present through the first half of 2025 to persist in the second half, the firm remains “cautiously optimistic regarding the company’s opportunity,” the analyst added.