Peraso (NASDAQ:PRSO – Get Free Report)‘s stock had its “speculative buy” rating restated by equities research analysts at Benchmark in a research note issued on Tuesday, Benzinga reports. They currently have a $4.00 price objective on the stock. Benchmark’s price target points to a potential upside of 175.86% from the company’s previous close.
Separately, LADENBURG THALM/SH SH started coverage on Peraso in a research report on Wednesday, June 12th. They set a “buy” rating and a $3.75 price objective for the company.
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Peraso Trading Up 2.9 %
Peraso (NASDAQ:PRSO – Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported ($1.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.64). The business had revenue of $4.24 million during the quarter, compared to the consensus estimate of $4.20 million. Peraso had a negative return on equity of 242.83% and a negative net margin of 119.82%. As a group, research analysts forecast that Peraso will post -3.28 earnings per share for the current year.
About Peraso
Peraso Inc, a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules.
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