Genasys Inc. (GNSS) PT Lowered to $5.50 at Ascendiant Capital

Ascendiant Capital analyst Edward Woo lowered the price target on Genasys Inc. (NASDAQ: GNSS) to $5.50 (from $6.00) while maintaining a Buy rating.

The analyst comments "Valuation positive: We are maintaining our BUY rating, but lowering our 12- month price target to $5.50 from $6.00, which is based on a forward P/E multiple of 22x our FY27 EPS estimate of $0.25. We believe this multiple is reasonable as it is its estimated long-term earnings growth rate (implying a PEG ratio of ~1 (P/E to growth rate)). We believe this valuation appropriately balances out the company’s risks with the company’s growth prospects and large upside opportunities."

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