Peraso (NASDAQ:PRSO) Upgraded by LADENBURG THALM/SH SH to “Strong-Buy” Rating

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

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Peraso in a research note on Saturday, September 27th. Wall Street Zen upgraded Peraso to a “hold” rating in a research note on Friday, June 27th. Finally, Benchmark restated a “buy” rating and set a $3.00 target price on shares of Peraso in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Peraso presently has an average rating of “Moderate Buy” and a consensus target price of $3.00.

Peraso Stock Performance

Shares of PRSO opened at $1.22 on Thursday. The stock has a 50-day simple moving average of $1.00 and a 200-day simple moving average of $0.95. The stock has a market capitalization of $7.57 million, a PE ratio of -0.69 and a beta of 1.00. Peraso has a 1 year low of $0.52 and a 1 year high of $2.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.48 and a current ratio of 2.03.

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.