Press release
Peraso Inc. (NASDAQ: PRSO) Director Invests $127K, Ladenburg Thalmann Coverage, Gains Bullish Momentum
Image: https://www.abnewswire.com/uploads/9a500d398df4ec1d757968c73f802240.jpg
On June 12, 2024, Ladenburg Thalmann, a renowned Wall Street firm since 1876, initiated coverage [https://thestreetreports.com/wp-content/uploads/2024/06/PRSO-Updated-research.pdf] of Peraso Inc. (NASDAQ: PRSO). Research by Grandview Research in January 2024 highlighted the global mmWave market's growth to $3.75 billion in 2023. The study suggests that mmWave technology applications in consumer sectors could drive significant market expansion, potentially causing a paradigm shift and achieving a compound annual growth rate (CAGR) of around 40% through 2030. The mmWave technology market is expected to surpass $55 billion by the end of the decade, driven by the increasing use of bandwidth-intensive applications and the rising demand for high-speed IoT solutions. Founded in 2009, Peraso Inc. (NASDAQ: PRSO) has focused on mmWave solutions, establishing itself as the leading producer of mmWave devices and innovating high-volume mmWave production testing methodologies.
Ladenburg Thalmann states, "Considering the current size and anticipated rapid growth of the mmWave market, we believe Peraso's market-leading silicon and module solutions position the company for significant and sustained top- and bottom-line growth. We project a 22% revenue growth for 2024 and anticipate mmWave product revenue to increase by 160% year-over-year in 2025. With this expected growth, we value Peraso based on a multiple of 3x its estimated 2025 revenues, discounted back to the present at 20%. Therefore, we initiate coverage of Peraso Inc. (NASDAQ: PRSO) with a Buy rating and a 12-month price target of $3.75."
Peraso Inc. (NASDAQ: PRSO) shares opened at $1.50 on Friday. The stock has a twelve-month low of $1.17 and a 2024 high of $9.60, with a market cap of $4.01 million. It maintains a 50-day moving average of $1.37 and a 200-day moving average of $3.54. Recently, Peraso has shown multiple bullish indicators, reflected in a significant increase in trading volume over the past week, making it a stock to watch closely.
Pesaro Inc. NASDAQ: PRSO was recently featured with other MEME stocks trending tickers: GameStop (NYSE: GME). AMC Entertainment (NYSE: AMC), Novavax Inc. (NASDAQ: NVAX) Dyadic International Inc. (NASDAQ: DYAI), among others, [https://thestreetreports.com/meme-stocks-surge-led-by-roaring-kitty-and-social-media-buzz-on-reddit-nyse-rddt-gme-dyai-amc-prso-nvax/]
Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content."TSR" is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. "TSR" authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. "TSR" has not been compensated to produce content related to "Any Companies" appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.
Media Contact
Company Name: The Street Reports
Contact Person: Editor
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=peraso-inc-nasdaq-prso-director-invests-127k-ladenburg-thalmann-coverage-gains-bullish-momentum]
Country: United States
Website: http://www.thestreetreports.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Peraso Inc. (NASDAQ: PRSO) Director Invests $127K, Ladenburg Thalmann Coverage, Gains Bullish Momentum here
News-ID: 3545398 • Views: …
More Releases from ABNewswire
Motorbike Wreckers Canberra Expands Services to Meet Growing Demand in Australia …
Leading Canberra-based motorcycle dismantling service strengthens position as premier destination for quality used parts and eco-friendly vehicle disposal
FYSHWICK, ACT - August 26, 2025 - As Australia's motor vehicle dismantling and used parts wholesaling industry continues to thrive with a market size of $1.3 billion in 2025, motorcycle wreckers Canberra [http://www.motorcyclewreckerscanberra.com.au/] is positioning itself at the forefront of sustainable automotive recycling practices in the Australian Capital Territory.
The specialized motorcycle dismantling service,…
TazBoostMedia Shatters Industry Norms, Generates $5 Million+ in Revenue for Remo …
In an industry where marketing agencies often overpromise and underdeliver, TazBoostMedia (TBM) has emerged as a game-changer, proving that real partnerships drive real results. Since launching in 2023, the company has helped remodeling and home improvement firms across the U.S. generate over $5 million in additional revenue, establishing itself as one of the fastest-growing agencies in the space.
From Leads to Booked Appointments - A Market Shift
Unlike traditional lead generation companies…
AgentUI Launches the First End-to-End AI Automation Platform, Aiming to Revoluti …
Video: https://www.youtube.com/embed/o_78Po7v5qQ
AgentUI has officially launched its groundbreaking AI-powered internal tool builder, empowering non-technical teams to design dashboards, workflows, and automations-simply by chatting.
Users can build everything from internal CRMs and lead trackers to document bots and maintenance dashboards-without writing a single line of code.
"We built AgentUI to bring automation superpowers to the 99%-the small teams, the agencies managing leads, the operators buried in manual work," said Nessim Btesh, Founder of AgentUI.…
From Bedroom in South Africa to $1M in Online Sales: 20-Year-Old Entrepreneur Se …
After scaling e-commerce stores to $1M in revenue and building a 90,000-subscriber YouTube channel, Sfiso Sithole is on a mission to empower the next generation of entrepreneurs globally
Image: https://www.abnewswire.com/upload/2025/08/e758c2a5e877e9c64b77845bcecb6343.jpg
Durban, South Africa - At just 20 years old, Sfiso has achieved what many entrepreneurs spend a lifetime pursuing: building multiple e-commerce stores generating more than $1 million in online sales, and growing a YouTube community of nearly 90,000 [https://www.youtube.com/@capitaltycoon/videos] subscribers [https://www.youtube.com/@capitaltycoon/videos].…
More Releases for Peraso
Peraso (NASDAQ: PRSO) Military, NATO, EdTech, CHIPS & BEAD Tailwinds in Focus - …
Peraso Inc. (NASDAQ: PRSO), a leading innovator in 60GHz mmWave wireless technology, is rapidly expanding its market footprint with strategic wins across defense, education, and broadband infrastructure.
The company has officially entered the $348 billion global EdTech market with its first production order for a 60GHz wireless video distribution system designed for classrooms. Leveraging Peraso's mmWave tech, the system delivers low-latency, high-definition video streaming in dense environments-avoiding Wi-Fi congestion in schools…
Peraso (NASDAQ: PRSO) Volume Surges on Takeover News - More Stocks Inside
Mobix Labs, Inc. (NASDAQ: MOBX) has launched an unsolicited, non-binding proposal to acquire Peraso Inc. (NASDAQ: PRSO) in a stock-for-stock deal offering Peraso shareholders a 20% premium over the company's 30-day average share price.
The proposed merger would create a stronger player in the high-growth mmWave, defense, and 5G semiconductor sectors-combining Mobix's $10.7M revenue base and ~450% YoY growth with Peraso's accelerating mmWave performance. The combined company is expected to generate…
Peraso (NASDAQ: PRSO) Powers Drone Tech Surge in Defense, eVTOL, Aerospace - Mor …
Peraso Inc. (NASDAQ: PRSO) is rapidly emerging as a dominant force in next-generation wireless communications, driven by its advanced mmWave connectivity solutions. Designed for drones and autonomous systems that demand real-time, low-latency data transfer, Peraso's technology is increasingly viewed as foundational to high-performance operations across the defense, aerospace, and mobility sectors.
As the electric aviation and eVTOL (electric vertical takeoff and landing) market gains traction in the U.S., Peraso's ultra-fast wireless…
Peraso Inc.'s (NASDAQ: PRSO) Beamforming Technology Gains Military Traction - Se …
Peraso Inc.'s (NASDAQ: PRSO) advanced beamforming technology has proven to be a game-changer in military and dense urban deployments, where secure, reliable, and high-performance communication is critical. Beamforming's ability to direct signals with precision and bend them around obstacles not only maximizes efficiency but also makes transmissions exceptionally difficult to detect or intercept. These stealth capabilities, combined with Peraso's proprietary innovations, have enabled its solutions to excel in active war…
Peraso Inc.'s (NASDAQ: PRSO) PERSPECTUS Modules Outperform in 60Ghz FWA Market
Introduction
As high-speed internet access spreads around the world, the unlicensed 60GHz (57-71 Ghz) millimeter-wave (mmWave) spectrum offers immense potential for low-cost, low-capex, easily-deployed high-speed wireless communication, especially areas currently underserved by traditional broadband distribution-fiberoptic. Further, However, until recently, purchasing devices to adequately provide mmWave communications for 60Ghz/mmWave broadband deployments has been difficult. Peraso and several other companies have developed and ramped up mass manufacturing of viable 60Ghz solutions for this…
Spotlight: Peraso Inc. (NASDAQ: PRSO) A Semiconductor Valued Stock In Focus
Peraso Inc. (NASDAQ: PRSO), a prominent player in mmWave technology for 5G licensed and 60 GHz unlicensed networks, disclosed its financial outcomes for the initial fiscal quarter concluding on March 31, 2024, on May 13. The company revealed total net earnings of $2.8 million, contrasting with $1.8 million in the preceding quarter and $5 million in the corresponding period of the prior year.
Image: https://www.abnewswire.com/uploads/ab52a2e3727e2c3a192fc9b4209229c4.jpg
During the first quarter, product revenues amounted…
