Analyst ConfidenceAnalyst initiates coverage with a Buy rating and a $40 price target, indicating confidence in future growth opportunities.
Financial PerformanceBK Technologies reported revenue, AEBITDA, and EPS above estimates, driven by strong market acceptance and sales momentum for the BKR 9000.
Market ExpansionThe introduction of the BKR 5000 and BKR 9000 radios expanded BK Technologies' total addressable market from $200M to $2.3B.