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Knightscope, Inc. receives a buy rating from Ascendiant Capital Markets with a revised price target of $4.25 per share, up from $4.00. Ascendiant predicts a significant revenue increase in 2024/25, with high revenue growth expected. The company's valuation is deemed attractive, balancing risks with growth prospects.
Knightscope, Inc. riceve un giudizio di acquisto da Ascendiant Capital Markets con un prezzo obiettivo riveduto a $4.25 per azione, aumentato da $4.00. Ascendiant prevede un notevole aumento dei ricavi nel 2024/25, con una crescita elevata dei ricavi attesa. La valutazione dell'azienda è considerata attraente, equilibrando rischi e prospettive di crescita.
Knightscope, Inc. recibe una calificación de compra de Ascendiant Capital Markets con un precio objetivo revisado de $4.25 por acción, aumentado desde $4.00. Ascendiant predice un aumento significativo de ingresos en 2024/25, con un alto crecimiento de los ingresos esperado. La valoración de la empresa se considera atractiva, equilibrando riesgos con perspectivas de crecimiento.
Knightscope, Inc.는 수정된 주당 목표가 $4.25로 Ascendiant Capital Markets로부터 매수 평가를 받습니다, $4.00에서 상향 조정되었습니다. Ascendiant는 2024/25년에 상당한 매출 증가를 예측하고, 높은 매출 성장이 예상됩니다. 회사의 평가는 위험과 성장 전망을 균형있게 고려하여 매력적으로 여겨집니다.
Knightscope, Inc. reçoit une recommandation d'achat de la part d'Ascendiant Capital Markets avec un objectif de prix révisé à $4,25 par action, en hausse par rapport à $4,00. Ascendiant prévoit une augmentation significative des revenus en 2024/25, avec une croissance élevée des revenus attendue. L'évaluation de l'entreprise est jugée attractive, équilibrant les risques avec les perspectives de croissance.
Knightscope, Inc. erhält von Ascendiant Capital Markets eine Kaufempfehlung mit einem revidierten Kursziel von $4.25 pro Aktie, erhöht von $4.00. Ascendiant prognostiziert einen signifikanten Umsatzanstieg für 2024/25, mit einer erwarteten hohen Umsatzwachstumsrate. Die Bewertung des Unternehmens wird als attraktiv angesehen und balanciert Risiken mit Wachstumspotenzialen.
Positive
Ascendiant predicts a significant revenue increase in 2024/25, with high revenue growth expected.
The company's valuation is deemed attractive, balancing risks with growth prospects.
Negative
None.
Insights
The revision of Knightscope's price target by Ascendiant Capital Markets serves as a noteworthy indicator of the company's financial outlook. Specifically, the 25% revenue growth projection for 2024 and 20% for 2025 suggest that the business is scaling effectively. Investors may interpret this as a positive sign of the company's ability to enhance its margins and profitability in the coming years. Ascendiant's use of a Net Present Value (NPV) analysis to establish the new price target provides a quantitative approach to valuation, factoring in the time value of money and future cash flows. This method, often leveraged in high-growth sectors, underpins the raised price objective and ostensibly reflects a robust growth trajectory compared to the industry average.
Knightscope's focus on innovation in robotics and AI, particularly in public safety, positions it within a niche yet expanding market segment. The firm's capacity to maintain a competitive edge through technological advancements could be a important driver for the anticipated revenue increases. Ascendiant's decision to maintain a buy rating despite recognizing the high risks associated with the company underscores the potential they see in Knightscope's market differentiation and long-term strategy. For investors interested in the tech sector, understanding the balance between risk and reward in innovative companies is paramount and this revised target could signal confidence in the company's direction.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces that Ascendiant Capital Markets LLC ("Ascendiant") released its latest report maintaining a buy rating for Knightscope shares and has revised its price target upward to $4.25 per share from $4.00 per share.
Ascendiant Capital Markets Maintains Buy Rating for Knightscope Raises Per Share Price Target to $4.25 (Graphic: Business Wire)
Ascendiant has conducted extensive research and analysis stating, “We believe revenues should increase significantly in 2024/25. We have modeled high revenue growth in 2024 (+25%) and 2025 (+20%) and thereafter to scale up significantly which should drive improved margins and profitability.”
Ascendiant is an investment banking and equity research firm focusing on high-growth sectors, with expertise in technology, healthcare, and other emerging industries. It has not received compensation for advisory or investment banking services from the Company in the past 12 months.
“Valuation attractive: We are maintaining our BUY rating but raising our 12-month price target to $4.25 from $4.00, based on a NPV analysis, representing significant upside from the current share price. We believe this valuation appropriately balances out the company’s high risks with its high growth prospects and large upside opportunities.” – Ascendiant
Knightscope builds cutting-edge technologies to improve public safety, and our long-term ambition is to make the United States of America the safest country in the world. Learn more about us and book a discovery call or demonstration today at www.knightscope.com/discover
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2023, as updated by its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.
