MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–$KSCP #SecurityRobot—Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces that Ascendiant Capital Markets LLC (“Ascendiant”) released its latest report maintaining a buy rating for Knightscope shares and has revised its price target upward to $4.25 per share from $4.00 per share.
Ascendiant has conducted extensive research and analysis stating, “We believe revenues should increase significantly in 2024/25. We have modeled high revenue growth in 2024 (+25%) and 2025 (+20%) and thereafter to scale up significantly which should drive improved margins and profitability.”
Ascendiant is an investment banking and equity research firm focusing on high-growth sectors, with expertise in technology, healthcare, and other emerging industries. It has not received compensation for advisory or investment banking services from the Company in the past 12 months.
“Valuation attractive: We are maintaining our BUY rating but raising our 12-month price target to $4.25 from $4.00, based on a NPV analysis, representing significant upside from the current share price. We believe this valuation appropriately balances out the company’s high risks with its high growth prospects and large upside opportunities.” – Ascendiant
Investors, analysts, and members of the media are encouraged to review the research report here.
About Knightscope
Knightscope builds cutting-edge technologies to improve public safety, and our long-term ambition is to make the United States of America the safest country in the world. Learn more about us and book a discovery call or demonstration today at www.knightscope.com/discover
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2023, as updated by its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.
Contacts
Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025
