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Here are five stocks to watch closely. Keep an eye on these as they may see market activity and notable movements on Friday and beyond.
Leafly (NASDAQ: LFLY) reached a significant milestone in after-hours trading, surging to $4 on elevated trading volume. In the online retail sector, Leafly leverages strategic partnerships and advanced technology to help consumers make informed purchasing decisions. The platform also enhances business performance by offering comprehensive advertising and technology services that attract and retain loyal customers.
Peraso Inc. (NASDAQ: PRSO), secured 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 milestone, “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.
Other Stocks Making Moves in After-Hours Trading:
- Garden Stage Limited (NASDAQ: GSIW): After surging 244% on 70.6 million shares during regular trading, GSIW continued its upward momentum, climbing an additional 23.75% to $9.69 in after-hours trading.
- Telesis Bio Inc. (NASDAQ: TBIO): Closed the regular session up 115% at $2.93 on 53.7 million shares, with further gains in after-hours trading.
- Zeo Energy Corporation (NASDAQ: ZEO): Jumped 128% at $2.60 on 59.9 million shares during regular trading, with continued movement in the after-hours market.
As the market prepares for Friday, September 20, 2024, stocks like Leafly (NASDAQ: LFLY), Peraso Inc. (NASDAQ: PRSO), Garden Stage Limited (NASDAQ: GSIW), Telesis Bio Inc. (NASDAQ: TBIO), and Zeo Energy Corporation (NASDAQ: ZEO) are worth monitoring closely for further developments.