
Byrna Technologies (BYRN) Stock Forecast & Price Target
Byrna Technologies (BYRN) Analyst Ratings
Bulls say
Byrna Technologies Inc. is projected to benefit from improving wholesale growth prospects, particularly through its partnership with Sportsman's, which is expected to expand to additional locations by the end of fiscal year 2025. Additionally, the CL product has shown promising initial sales performance since its consumer launch in May, contributing to a strong demand environment. The company's recent stock price appreciation of 26% following an upside pre-announcement highlights positive market sentiment and the potential for continued revenue momentum in the near future.
Bears say
The outlook on Byrna Technologies Inc. is negatively impacted by inflationary pressures faced by its core consumer base, which primarily consists of lower- to middle-income individuals, leading to decreased discretionary spending. Additionally, potential softening in demand for firearms and ammunition could arise if consumer sentiment weakens or the political landscape becomes less favorable, further pressuring revenue. Compounding these issues, heavier-than-expected promotions and discounting within the sporting products sector may hinder margin normalization, while high net debt and leverage could pose additional financial risks.
This aggregate rating is based on analysts' research of Byrna Technologies and is not a guaranteed prediction by Public.com or investment advice.
Byrna Technologies (BYRN) Analyst Forecast & Price Prediction
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