Knightscope (NASDAQ: KSCP), a leading innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, is featured in a recent Ascendiant Capital Markets LLC report. In the report, Ascendiant, which is an investment banking and equity research firm focused on high-growth sectors, maintained a buy rating for Knightscope shares, revising its price target up from $4 to $4.25 per share.
For the report, Ascendiant did extensive research and analysis. The report states that “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. . . .
“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,” the report continued. “We believe this valuation appropriately balances out the company’s high risks with its high growth prospects and large upside opportunities.”
To view the full research report, visit https://ibn.fm/twlM5
To view the full press release, visit https://ibn.fm/4RUPl
About Knightscope, Inc.
Knightscope builds cutting-edge technologies to improve public safety. The company’s long-term ambition is to make the United States of America the safest country in the world. For more information about the company, please visit www.Knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP
About TechMediaWire
TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.TechMediaWire.com
Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer
TechMediaWire
Los Angeles, CA
www.TechMediaWire.com
310.299.1717 Office
Editor@TechMediaWire.com
TechMediaWire is powered by IBN
