|
Getting your Trinity Audio player ready...
|
Peraso Inc. (NASDAQ: PRSO) recently announced a purchase order for its High-Velocity Roaming (HVR) technology to boost high-speed internet on trains in Korea, continuing its expansion into the Asian market. This follows the announced of a major military contract for its advanced Perspectus module, which leverages 60 GHz mmWave RF technology for battlefield applications. The system enhances soldiers’ situational awareness and communication by reducing detection risks and interference through proprietary narrow-beamforming technology.
Following this milestones, “Benchmark” issued a “Buy” rating with a $4 price target, citing the validation of Peraso’s technology in a highly demanding market. The firm expects broader adoption of Peraso’s mmWave solutions across military and commercial sectors, forecasting strong growth opportunities. The price target is based on FY25 revenue estimates of $16.2 million and 2.4 million shares outstanding. “Benchmark” also highlighted the potential of mmWave technology in the Fixed Wireless Access (FWA) sector, projecting it to drive long-term revenue growth. Read entire report.
Peraso Inc. (NASDAQ: PRSO) was recently mentioned alongside companies such as Banzai International Inc. (NASDAQ: BNZI), Seelos Therapeutics, Inc. (NASDAQ: SEEL), Maison Solutions Inc. (NASDAQ: MSS), and Heart Test Laboratories, Inc. (NASDAQ: HSCS). see complete news article.