Peraso (NASDAQ:PRSO) Rating Increased to Strong-Buy at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Peraso (NASDAQ:PRSO) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

A number of other research analysts have also issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Peraso in a report on Saturday, September 27th. Wall Street Zen raised Peraso to a “hold” rating in a report on Friday, June 27th. Finally, Benchmark reissued a “buy” rating and issued a $3.00 target price on shares of Peraso in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.00.

Peraso Trading Up 0.4%

NASDAQ:PRSO opened at $1.22 on Thursday. The firm has a market cap of $7.57 million, a P/E ratio of -0.69 and a beta of 1.00. The company has a current ratio of 2.03, a quick ratio of 1.48 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $1.00 and its 200-day simple moving average is $0.95. Peraso has a 12-month low of $0.52 and a 12-month high of $2.34.

Peraso Company Profile

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.