zSpace initiated with a Buy at Roth MKM

Roth MKM analyst Rohit Kulkarni initiated coverage of zSpace (ZSPC) with a Buy rating and $20 price target zSpace is a virtual reality tech company providing hardware and software for students and career readiness training, the analyst tells investors in a research note. The firm says that while the shares are up 300% since the initial public offering and valued at a premium versus peers, the company “presents a significant opportunity for medium/long-term investors.” Roth believes zSpace faces an expanding total addressable market and has “significant catalysts ahead,” including a newly launched laptop.