Ascendiant Capital Markets Maintains Buy Rating for Knightscope
- Ascendiant believes strong growth and AI assets will drive stock higher
- Valuation attractive with significant upside from current share price
- None.
Raises Per Share Price Target to
Ascendiant Capital Markets Maintains Buy Rating for Knightscope - Raises Per Share Price Target to
Ascendiant has conducted extensive research and analysis stating, “We believe strong growth over the next year and AI assets to drive stock much higher.”
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
Investors, analysts, and members of the media are encouraged to review the research report here.
About Knightscope
Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make
Forward-Looking Statements
This press release may contain “forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. 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 include, but are not limited to, statements about the Company’s path to profitability, the Company’s targeted annualized revenue run rate, the Company’s plans for top-line growth, the Company’s ability to deliver on its backlog of new orders, the benefits of the Company’s planned streamlining of its operations and rightsizing of its combined workforce and the Company’s ability to achieve improved margins. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2022. 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.
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Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025
Source: Knightscope, Inc.
