Peraso’s (PRSO) Buy Rating Reiterated at Benchmark

Peraso (NASDAQ:PRSO)‘s stock had its “buy” rating reaffirmed by Benchmark in a note issued to investors on Friday,Benzinga reports. They presently have a $3.00 price objective on the stock. Benchmark’s target price would indicate a potential upside of 217.39% from the company’s current price.

Several other equities analysts have also weighed in on PRSO. Zacks Research raised Peraso from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. LADENBURG THALM/SH SH upgraded shares of Peraso to a “strong-buy” rating in a report on Thursday, October 2nd. Wall Street Zen upgraded shares of Peraso to a “hold” rating in a research note on Saturday, October 18th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Peraso in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $3.00.

Peraso Stock Performance

Peraso stock opened at $0.95 on Friday. Peraso has a 1 year low of $0.52 and a 1 year high of $2.37. The firm has a 50 day moving average price of $1.25 and a 200 day moving average price of $1.10. The company has a market cap of $8.49 million, a price-to-earnings ratio of -0.99 and a beta of 1.24.

Peraso (NASDAQ:PRSO) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. Peraso had a negative net margin of 39.00% and a negative return on equity of 125.68%. The company had revenue of $3.23 million for the quarter, compared to the consensus estimate of $3.03 million. Sell-side analysts predict that Peraso will post -3.11 EPS for the current year.

About Peraso

Peraso Inc, a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules.