Peraso (PRSO) Receives Strong Buy Upgrade: Implications for the Stock
Zacks Rank Upgrade: Peraso (PRSO) has been upgraded to a Zacks Rank #1 (Strong Buy) due to a significant increase in earnings estimates, indicating a positive outlook for the company's stock price.
Earnings Estimate Revisions: The Zacks rating system, which correlates earnings estimate revisions with stock price movements, suggests that Peraso's improved earnings outlook positions it for potential market-beating returns in the near term.
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Benchmark Confirms Buy Rating for Peraso (PRSO)
Analyst Recommendation: Benchmark has reiterated a Buy recommendation for Peraso (NasdaqCM:PRSO) as of December 5, 2025, with a projected one-year price target of $2.79/share, indicating a potential upside of 195.41% from its current price of $0.95/share.
Projected Revenue Growth: Peraso's projected annual revenue is expected to reach $84 million, reflecting a significant increase of 547.79%, alongside a projected non-GAAP EPS of 0.04.
Institutional Ownership Trends: There has been a 4.55% increase in the number of funds reporting positions in Peraso, with total institutional shares owned rising by 30.97% to 350,000 shares over the last three months.
Shareholder Activity: Notable changes in shareholder positions include Acadian Asset Management increasing its stake, while Renaissance Technologies significantly reduced its holdings by over 286%, indicating varied strategies among institutional investors.
Mobix Labs and Peraso Engage in Talks for Possible Acquisition
Confidentiality Agreement: Mobix Labs has entered into a mutual confidentiality agreement with Peraso, Inc. to explore a potential acquisition, marking a shift from previous unsolicited offers to a more collaborative approach.
Strategic Potential: The CEO of Mobix Labs expressed optimism about combining their high-reliability connectivity solutions with Peraso's wireless expertise to create a diversified technology platform with global reach.
Forward-Looking Statements: The announcement includes forward-looking statements regarding the potential acquisition, emphasizing the uncertainties and risks involved in the discussions and any future transactions.
No Current Offer: The press release clarifies that it does not constitute an offer to purchase or solicit any securities, and no tender offer has been initiated at this time.
