Roth/MKM Starts Byrna Technologies Inc. (BYRN) at Buy

Roth/MKM analyst Matt Koranda initiates coverage on Byrna Technologies Inc. (NASDAQ: BYRN) with a Buy rating and a price target of $14.00.

The analyst comments "We initiate coverage on Byrna Technologies at Buy with a $14 PT. We view Byrna as a leader in non-lethal consumer products for self-defense, with a large potential addressable market, and the ability to scale both category awareness and sales. We see three key growth drivers enabling our +37% sales growth CAGR: boosting marketing, growing stores, and introducing new products. Even with limited scale, Byrna's unit economics are healthy, the company is inflecting to profitability, and the balance sheet is sound."

For an analyst ratings summary and ratings history on Byrna Technologies Inc. click here. For more ratings news on Byrna Technologies Inc. click here.

Shares of Byrna Technologies Inc. closed at $10.94 yesterday.

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