Benchmark Issues Pessimistic Forecast for Peraso (NASDAQ:PRSO) Stock Price

Peraso (NASDAQ:PRSO) had its target price lowered by Benchmark from $4.00 to $3.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a speculative buy rating on the stock.

Peraso Price Performance

Shares of PRSO opened at $0.83 on Wednesday. The stock has a 50-day moving average price of $1.48 and a 200 day moving average price of $1.43. Peraso has a one year low of $0.73 and a one year high of $11.20.

Peraso Company Profile

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.