Peraso shares surge 10.03% intraday after Benchmark upgrades to Speculative Buy and highlights strong pipeline, major FWA order.

Peraso (NASDAQ:PRSO) surged 10.03% intraday following Benchmark’s speculative buy rating and $3 price target, driven by a record 12 pre-production products, a major Fixed Wireless Access order, and growing demand for 6 GHz and defense applications. The firm also cited next-generation tactical communication trials and new opportunities in Edge AI and autonomous vehicles, while the appointment of Cees Links to the board reinforced investor confidence in the company’s strategic direction.