Knightscope Inc (KSCP) PT Lowered to $12 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the price target on Knightscope Inc (NASDAQ: KSCP) to $12.00 (from $16.00) while maintaining a Buy rating.

The analyst commented: "Shares of KSCP have declined 78.8% in 2025 versus an 18.1% decline in the Russell 2000 Index, however, we do not believe this is indicative of the positive momentum in the business or favorable underlying secular trends. We believe the recent deterioration in share value is largely driven by shifting investor risk tolerances as the level of macro uncertainty rises. While this is largely outside the company's control, strategic changes in the business in 2024 have better positioned the company for growth beginning in 2025 and continuing into 2026. This includes a cleanup of the balance sheet, a reduction in executive management team, improved operating efficiencies, and expansion of the company's federal government pipeline. Further, on April 3, the company announced $2.0M of sales, renewals, and customer expansions, which we believe better reflects the positive momentum in the operating business. As an emerging technology company, improvement in operating performance rarely move in a straight line. However, we believe more positive news flow, including new contracts, should be a positive catalyst for shares this year and come ahead of materially stronger operating results, which we have modeled beginning in 2H25. That said, investors are clearly not valuing small capitalization technology companies in the same manor they did just three months ago. As a result, we are lowering our valuation multiple, resulting in a decrease in our price target to $12 from $16. We remain long-term positive and would recommend investors utilize recent weakness to accumulate a position ahead of more favorable news flow and operating results expected later this year."

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