Northland raised the firm’s price target on Genasys to $6 from $4.50 and keeps an Outperform rating on the shares after the company announced “one of its largest software deals ever,” a statewide evacuation software deal in Oregon. The firm, which expects “strong” year-over-year growth to start in Q1 of 2025, adds that the “massive Puerto Rico deal is at least on track” and it believes that should generate about $34M in EBITDA over two years.
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