Wall Street Zen Upgrades Peraso (NASDAQ:PRSO) to Hold

Peraso (NASDAQ:PRSO) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research report issued on Friday.

Separately, Benchmark reissued a “buy” rating and set a $3.00 price target on shares of Peraso in a research note on Monday, June 23rd.

Peraso Price Performance

NASDAQ:PRSO opened at $1.09 on Friday. The company has a market capitalization of $5.48 million, a price-to-earnings ratio of -0.33 and a beta of 0.84. The business has a 50 day moving average of $1.00 and a 200 day moving average of $0.92. Peraso has a 1-year low of $0.52 and a 1-year high of $2.34.

About Peraso

Peraso Inc, a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules.