Byrna Technologies Maintains Buy Rating with $37 Price Target

Roth MKM analyst Matt Koranda maintains a Buy rating on Byrna Technologies with a $37.00 price target. The company has a Moderate Buy analyst consensus rating and an average price target of $36.00. Byrna Technologies has a one-year high of $34.78 and a one-year low of $7.79. There has been an increase in corporate insider buying activity over the past quarter.

Roth MKM analyst Matt Koranda has maintained a "Buy" rating on Byrna Technologies (NASDAQ:BYRN), raising the price target to $37.00. This upgrade comes amidst a positive earnings outlook and increased corporate insider buying activity. Byrna Technologies, a non-lethal defense technology company, offers innovative personal and professional security solutions.

Byrna Technologies' stock has shown significant volatility, trading between $31.91 and $33.45 on July 9, 2025, with a slight decrease of 0.13, or -0.40%, from the previous trading session. The stock's market capitalization is approximately $726.6 million, reflecting its size and presence in the market [1].

The company's recent earnings report showed a quarterly EPS of $0.07, beating analysts' consensus estimates by $0.05. Revenue for the quarter was $26.19 million, surpassing the consensus estimate of $23.26 million [2]. Despite these positive earnings, the stock has seen a slight decrease in price, suggesting that investors are cautious about the upcoming Q2 earnings announcement scheduled for July 10, 2025, with a consensus EPS estimate of $0.03 [3].

The increased corporate insider buying activity is a positive signal for investors. Director Emily Rooney recently purchased 2,500 shares at an average cost of $20.50 per share, increasing their ownership to 37,564 shares valued at $770,062 [2]. Additionally, institutional investors, such as MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., JPMorgan Chase & Co., and Quarry LP, have increased their stakes in the company over the past quarter [2].

Byrna Technologies' focus on innovation and quality has helped it carve out a niche in the competitive non-lethal defense market. The company's products cater to both personal and professional security needs, offering handheld personal security devices and shoulder-fired launchers without the need for background checks or firearm licenses [1].

Despite the recent stock price decrease, Byrna Technologies' strong earnings outlook and increased analyst interest make it an attractive investment opportunity. Investors should closely monitor the company's upcoming earnings report and analyst upgrades for further guidance.

References:
[1] https://site.financialmodelingprep.com/market-news/stock-article-for-686e8c7bf02aa2a14cda6e69
[2] https://www.marketbeat.com/instant-alerts/byrna-technologies-nasdaqbyrn-price-target-raised-to-3700-2025-07-09/
[3] https://seekingalpha.com/news/4466201-byrna-technologies-q2-2025-earnings-preview