H.C. Wainwright Initiates Coverage on Knightscope (NASDAQ: KSCP) with a Buy Rating and $16 Price Target
31 Janeiro 2025 - 11:40AM
Business Wire
Knightscope, Inc. (NASDAQ: KSCP), an innovator in robotics and
artificial intelligence technologies focused on public safety,
today announced that H.C. Wainwright & Co. has initiated
coverage on the company with a Buy rating and a 12-month price
target of $16 per share.
The report highlights Knightscope’s repositioning for
accelerating revenue growth into 2026, citing the company’s
Machine-as-a-Service (MaaS) business model, strong industry
tailwinds, and expanding market opportunities in the private and
public sectors. H.C. Wainwright estimates Knightscope’s near-term
market opportunity at $4 billion, with long-term industry potential
exceeding $41 billion in recurring revenue.
“Following strategic corporate and technology enhancements in
2024, Knightscope is now well-positioned for long-term revenue
growth and margin expansion,” the report states. “As investors
recognize the company’s path toward profitability and increasing
free cash flow, demand for KSCP shares is expected to rise.”
Knightscope’s solutions to improve public safety, including its
autonomous security robots and emergency communication devices,
continue to gain traction across airports, casinos, hospitals,
corporate campuses, manufacturing facilities, and government
agencies. The company recently secured FedRAMP authorization that
enables expansion into U.S. federal markets, which further supports
its long-term growth outlook.
Experience the Future Today
Knightscope’s portfolio of advanced public safety technologies –
including the K1 Laser, Blue Light Emergency Communication Devices,
Autonomous Security Robots and Automated Gunshot Detection Services
– can enhance security where it matters most; book a discovery call
today at www.knightscope.com/discover.
About Knightscope
Knightscope is transforming public safety with cutting-edge
robotics and AI technologies. From autonomous security robots to
advanced detection systems, Knightscope is committed to building
safer communities where you live, work, study and visit. Our
long-term ambition is bold but simple: to make the United States of
America the safest country in the world. Learn more about us at
www.knightscope.com.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20250131538787/en/
Public Relations: Drew McDowell
press@yourwashingtonoffice.com Knightscope, Inc. (650) 924-1025
ext. 6
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