Peraso shares surge 17.56% after hours as Benchmark highlights strong pipeline and major FWA order.

Peraso Inc. (NASDAQ:PRSO) surged 17.56% in after-hours trading following Benchmark’s upgraded Speculative Buy rating and a $3 price target, driven by a record 12 pre-production products (up from 7) and a major Fixed Wireless Access (FWA) order. The firm highlighted growing adoption across 6 GHz, defense, and emerging markets like Edge AI and autonomous vehicles. Additionally, the appointment of Cees Links, a seasoned wireless executive, to the board reinforced investor confidence in the company’s strategic direction. These developments collectively signaled strong commercial momentum and expanded market opportunities for the semiconductor penny stock.