Knightscope Inc: Strong Q3 Performance and Strategic Advancements Justify Buy Rating with $12 Price Target
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Analyst Scott Buck from H.C. Wainwright reiterated a Buy rating for Knightscope Inc with a $12 price target, citing strong Q3 performance and strategic advancements. Knightscope reported higher-than-expected revenue, improved execution, and increased customer interest. The company holds over $20 million in cash, supporting future growth and R&D. The introduction of the K7 autonomous security robot is expected to drive growth. Despite higher expenses, new contracts are seen as catalysts for stock performance. Lake Street also reiterated a Buy rating with an $8 target.
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