
Byrna Technologies (BYRN) Stock Forecast & Price Target
Byrna Technologies (BYRN) Analyst Ratings
Bulls say
Byrna Technologies Inc. is experiencing improving prospects for wholesale growth, particularly through its partnership with Sportsman’s, which is expected to expand to additional locations by the fiscal year-end 2025. The company has also witnessed healthy initial performance of its new product, the CL, since its consumer availability began on May 1, indicating strong market reception. With preliminary sales benefiting from dealer load-ins and the anticipated performance from both the Sportsman’s partnership and the CL, there is a favorable outlook for revenue growth and operational momentum.
Bears say
Byrna Technologies faces significant challenges due to inflationary pressures affecting its core lower- to middle-income consumer base, which may lead to reduced discretionary spending and softening demand in the firearms and ammunition market. The potential for aggressive promotions and discounting within the sporting products industry could impede margin normalization, further straining financial performance. Additionally, the company's high net debt and leverage could present ongoing financial risks, compounding the adverse effects from the current economic landscape.
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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