What Happened?
Shares of non-lethal weapons company Byrna (NASDAQ: BYRN) jumped 4.1% in the pre market session after an analyst at Roth Capital raised their price target on the shares. The firm boosted its target to $37.00 from $33.00 while maintaining a "buy" rating on the stock. This new price target suggests a potential upside of nearly 13% from the previous closing price. The move comes ahead of the non-lethal defense technology company's fiscal second-quarter 2025 earnings report, which is scheduled for release on Thursday, July 10. Investors are anticipating strong results, with analysts forecasting revenue to grow over 40% year-over-year to around $28.5 million. This optimism follows the company's preliminary announcement in early June of record second-quarter revenues, driven by high demand for its new Byrna Compact Launcher (CL).
After the initial pop the shares cooled down to $32.00, down 0.6% from previous close.
Is now the time to buy Byrna? Access our full analysis report here, it’s free.
What Is The Market Telling Us
Byrna’s shares are extremely volatile and have had 74 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
Byrna is up 13% since the beginning of the year, and at $32.00 per share, it is trading close to its 52-week high of $34.19 from February 2025. Investors who bought $1,000 worth of Byrna’s shares 5 years ago would now be looking at an investment worth $2,520.
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
