Lake Street has increased its price target for BK Technologies (BKTI, Financial) from $40 to $51, maintaining its Buy rating on the company's shares. This decision follows a series of discussions and meetings with BK Technologies' leadership, including CEO John Suzuki and CFO Scott Malmanger.
The firm left these engagements with a reinforced belief in BK Technologies' potential for accelerated growth and enhanced earnings leverage. Such optimism suggests the company is well-positioned for future expansion, with strategies likely to bolster its financial performance over time.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for BK Technologies Corp (BKTI, Financial) is $30.00 with a high estimate of $40.00 and a low estimate of $20.00. The average target implies an downside of 30.35% from the current price of $43.07. More detailed estimate data can be found on the BK Technologies Corp (BKTI) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, BK Technologies Corp's (BKTI, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BK Technologies Corp (BKTI, Financial) in one year is $18.30, suggesting a downside of 57.51% from the current price of $43.07. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BK Technologies Corp (BKTI) Summary page.
