Roth MKM raised the firm’s price target on Byrna Technologies (BYRN) to $22 from $20 and keeps a Buy rating on the shares. The company has announced over $2.4M in orders during Black Friday and Cyber Monday across Byrna.com and Amazon.com (AMZN), which represents combined growth of 137% and bodes well for upside to both Q4 results and Q1 consensus, the analyst tells investors in a research note.
Don't Miss Our Christmas 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>>
Read More on BYRN:
- Byrna Technologies announces sales from Black Friday, Cyber Monday
- Bonitas Research short Byrna Technologies, thinks stock going lower
- TipRanks ‘Perfect 10’ List: 2 Top-Scoring Stocks With Great Growth Potential
- Byrna Technologies price target raised to $20 from $17 at Roth MKM
- Byrna (BYRN) Expands Market Footprint, Stock Surges 336% in a Year