
Byrna Technologies (BYRN) Stock Forecast & Price Target
Byrna Technologies (BYRN) Analyst Ratings
Bulls say
Byrna Technologies Inc. has demonstrated promising growth potential due to its expanding partnership with Sportsman's, which is anticipated to increase wholesale presence in additional locations by the end of fiscal year 2025. Furthermore, the solid initial consumer response to the new consumer line launched on May 1 indicates a positive market reception, enhancing the company’s revenue outlook. The success of initial dealer load-in sales and the favorable performance metrics surrounding the new consumer line support the strong momentum leading up to the second half of fiscal year 2025.
Bears say
Byrna Technologies Inc. faces several challenges that contribute to a negative outlook on its stock. The company's core consumer base, primarily lower- to middle-income individuals, has been experiencing significant inflationary pressures that could adversely impact discretionary spending, particularly in the firearms and ammunition sectors. Additionally, high net debt levels and potential competitive pressures, including heavier-than-expected promotions and discounting in the sporting products industry, may hinder margin normalization and overall financial stability.
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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