Knightscope price target lowered to $9 from $17 at Lake Street
Lake Street lowered the firm’s price target on Knightscope (KSCP) to $9 from $17 and keeps a Buy rating on the shares after the company reported revenue in line with its preliminary Q4 expectations and profitability above the firm’s estimates. While the firm is “pleased with the story” and says its long-term thesis remains intact, it lowered its price target on the shares to reflect the broad-based multiple compression in the market. Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s best-performing stocks on TipRanks >> Read More on KSCP: Disclaimer & DisclosureReport an Issue