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On Friday, Ascendiant Capital analysts adjusted their outlook on Knightscope Inc (NASDAQ: KSCP) by lowering the price target to $26 from the previous $30. Despite the reduction, the analysts maintained their Buy rating on the stock. The new target represents significant upside potential from the current price of $6.02, though InvestingPro data shows the stock has experienced high price volatility, with a 52-week range of $2.45 to $28.57.
In their analysis, Ascendiant Capital highlighted the valuation as attractive, suggesting significant upside potential from the current share price. The decision to adjust the price target was based on a net present value (NPV) analysis. According to InvestingPro metrics, while the company holds more cash than debt and maintains a healthy current ratio of 2.27, it faces challenges with negative EBITDA of -$25.19M. For deeper insights, investors can access 15+ additional ProTips and comprehensive financial analysis through InvestingPro.
The analysts expressed confidence in the company’s growth prospects, stating that the new valuation appropriately balances the high risks associated with Knightscope with its growth potential and large upside opportunities.
Knightscope, known for its autonomous security robots, remains a focus for Ascendiant Capital, which continues to see potential despite the adjusted price target. The analysts’ comments underscore their belief in the company’s future, even as they acknowledge the inherent risks involved.
In other recent news, Knightscope reported a 29% increase in total revenue for the first quarter of 2025, reaching $2.9 million. This growth was driven by a 25% rise in service revenue and a 44% increase in product revenue. The company also managed to reduce its net loss by 11% compared to the previous year. Additionally, Knightscope has secured over $1 million in new contracts, involving renewals and expansions with existing clients and new engagements across the United States. These contracts include orders for 525 Emergency Communication Devices and commitments to invest in 7 Autonomous Security Robots. The public sector, including state agencies and airports, has shown increased investment in Knightscope’s offerings, reflecting the perceived value of their AI-driven safety solutions. The company’s efforts to enhance operational efficiency and product innovation are ongoing, with Knightscope focusing on scaling its services and product footprint. As part of its strategic initiatives, the company is also exploring potential expansions of government contracts and partnerships in robotics technology.
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