Benchmark has reaffirmed a Speculative Buy rating for Peraso Inc. (NASDAQ:PRSO), setting a price target of $3. The firm announced this on December 5, pointing to stronger adoption trends across multiple markets as a key reason for its positive outlook.
Pre-production products at Peraso rose to a record 12, up from 7 in the previous quarter. This increase indicates a growing commercial pipeline. The firm also noted that the company has secured an order from a major global Fixed Wireless Access equipment provider serving key service operators.
Growing interest in 6 GHz technology is creating new opportunities for Peraso, according to the research firm. Recently completed field trials for next-generation tactical communications have led to increased engagement from defense customers. Activity is also being seen in related markets such as Edge AI, last-mile delivery, drones, and autonomous vehicles.
In a separate announcement on December 23, Peraso Inc. stated it is appointing Cees Links, a veteran wireless entrepreneur and technology executive, to its board of directors.
Peraso Inc. specializes in high-performance 60 GHz unlicensed and 5G mmWave wireless technology. The company provides chipsets, modules, software, and IP to support applications including fixed wireless access, military, immersive video, and factory automation.