Napco Security Technologies, Inc. (NSSC) PT Lowered to $32 at DA Davidson
DA Davidson analyst Matt Summerville lowered the price target on Napco Security Technologies, Inc. (NASDAQ: NSSC) to $32.00 (from $44.00) while maintaining a Buy rating.
The analyst comments "We are reducing our FY25E/FY26Es, reflecting continued uneven purchasing patterns by key distribution partners, tempering our view on Equipment volumes and the associated RSR ramp. Project timing also pressured results during the period. During F2Q25, RSR grew 14%, while January billings imply a $86M ARR run rate (+12% Y/Y; up modestly Q/Q) in a revenue stream generating 90%+ gross margins. Tariffs uniquely position NSSC to potentially gain share given its DRbased manufacturing. Given the magnitude of takedown in the shares, we believe a bottom is near and maintain our BUY, but look for sustained execution. B/S solid. New PT $32."