
Byrna Technologies (BYRN) Stock Forecast & Price Target
Byrna Technologies (BYRN) Analyst Ratings
Bulls say
Byrna Technologies Inc. is experiencing a positive outlook driven by improving prospects for wholesale growth, particularly from its partnership with Sportsman's, which is expected to expand to additional locations by the end of fiscal year 2025. Additionally, the strong initial performance of the company's product, the CL, since its consumer availability on May 1 indicates robust market demand. The stock has shown resilience, gaining 26% from the upside pre-announcement, reflecting investor confidence in the company's growth potential.
Bears say
Byrna Technologies Inc. faces a challenging outlook due to inflationary pressures impacting its core consumer base, predominantly lower- to middle-income individuals, which diminishes discretionary spending. Additionally, there is potential for decreased demand in the firearms and ammunition sector if consumer sentiment declines or if the political landscape becomes unfavorable, leading to ongoing concerns about revenue stability. Compounded by the risks of elevated promotional activities within the sporting goods industry that could hinder margin recovery and high levels of net debt and leverage, these factors collectively contribute to a negative assessment of the company's financial prospects.
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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