Fintel reports that on June 12, 2024, Ladenburg Thalmann initiated coverage of Peraso (NasdaqCM:PRSO) with a Buy recommendation.
Analyst Price Forecast Suggests 173.83% Upside
As of June 12, 2024, the average one-year price target for Peraso is 4.08. The forecasts range from a low of 4.04 to a high of $4.20. The average price target represents an increase of 173.83% from its latest reported closing price of 1.49.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Peraso is 52MM, an increase of 352.86%. The projected annual non-GAAP EPS is 0.10.
What is the Fund Sentiment?
There are 17 funds or institutions reporting positions in Peraso. This is an increase of 13 owner(s) or 325.00% in the last quarter. 
The put/call ratio of PRSO is 0.00, indicating a bullish outlook.
What are Other Shareholders Doing?
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 5K shares representing 0.17% ownership of the company.
Tower Research Capital LLC holds 5K shares representing 0.17% ownership of the company.
FSMAX - Fidelity Extended Market Index Fund holds 2K shares representing 0.07% ownership of the company.
FNCMX - Fidelity Nasdaq Composite Index Fund holds 1K shares representing 0.02% ownership of the company.
FSKAX - Fidelity Total Market Index Fund holds 0K shares representing 0.01% ownership of the company.
Peraso Background Information
(This description is provided by the company.)
Peraso Inc. is a pioneer in high performance 5G mmWave wireless technology, offering chipsets, modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, immersive video and factory automation. In addition, Peraso’s solutions for data and telecom networks focus on Accelerating Data Intelligence and Multi-Access Edge Computing, providing end-to-end solutions from the edge to the centralized core and into the cloud.
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This story originally appeared on Fintel.
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