zSpace price target lowered to 50c from $3 at Barrington

Barrington lowered the firm’s price target on zSpace (ZSPC) to 50c from $3 and keeps an Outperform rating on the shares following last night’s Q4 report. zSpace’s revenue and adjusted EBITDA loss were below expectations due to continued uncertainty in its end markets, education funding concerns and the government shutdown, the analyst tells investors in a research note. The firm believes that as federal education policy and funding become more predictable, zSpace will be well positioned to drive value for shareholders.