Imperial Capital upgrades ShotSpotter (NASDAQ:SSTI) from In-Line to Outperform with a $49 price target.
The firm cites the pullback following the Q1 print, confidence in SSTI's growth and profitability outlook, and a recent software acquisition that could provide better margins than the core business.
Imperial says SSTI's dominant market position could make it an attractive M&A candidate.
SSTI shares are up 1.8% to $45.13.
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