Craig-Hallum lowered the firm’s price target on Napco Security (NSSC) to $48 from $65 and keeps a Buy rating on the shares. The firm says the company delivered somewhat disappointing Q1 results that included misses on sales and earnings. While investors will be disappointed by the miss, Craig-Hallum highlights 23% growth in the company’s cellular radio sales which sets NSSC up to see Recurring Service Revs accelerate in the second half of 2025.
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