Aug. 18, 2026 — Peraso Inc. (NASDAQ: PRSO) is gaining renewed investor attention after Ladenburg Thalmann maintained its Buy rating and raised its 12-month price target to $3.25 from $2.75, citing the company’s emerging opportunities across military drones, defense communications, autonomous systems and Edge AI. The new target compares with PRSO’s Aug. 14 closing price of $0.68.
Ladenburg analyst Jon R. Hickman said Peraso’s military and AI Edge solutions point to rebounding revenues into 2027, forecasting revenue of approximately $17.5 million in 2027, compared with a revised $6.2 million estimate for 2026. That would represent revenue growth approaching 200% year over year, driven by an anticipated recovery in fixed wireless orders and initial revenue from military and AI Edge applications.
Q2 Sets Stage for New Growth Markets
Peraso reported Q2 2026 revenue of approximately $1.2 million, improving sequentially from Q1, while gross margins remained in the mid-60% range. Although fixed wireless demand remains soft, the company continues expanding its 60GHz mmWave technology into potentially higher-growth communications markets including robotics, autonomous Edge AI, military drones and defense applications.
A central component of that strategy is Peraso’s newly introduced PRM2145, a compact 60GHz communications module purpose-built for UAVs, autonomous systems and defense applications. Ladenburg highlighted the technology’s highly directional narrow beams, resistance to interference and potential advantages for mission-critical applications where signal interception, detection, spoofing and jamming represent significant risks.
Military Drones, IFF and Edge AI Expand the Opportunity
Peraso’s 60GHz technology is increasingly being positioned for Identification Friend or Foe (IFF), drone communications and autonomous military systems. Its directional architecture can reduce co-channel interference while supporting numerous simultaneous high-capacity connections in dense environments—an increasingly important requirement for AI-powered robotics, drone swarms and autonomous platforms generating large volumes of sensor and camera data.
Ladenburg sees this expansion beyond fixed wireless as potentially reshaping Peraso’s growth profile. The firm values PRSO at approximately 5x its projected 2027 revenue of $17.5 million, discounted back 35%, resulting in its new $3.25 price target based on a fully diluted share count of approximately 20 million.
See Complete Report
The opportunity comes with meaningful execution risk: Ladenburg specifically identifies Peraso’s ability to scale mmWave adoption and its customer concentration as important risks to the investment thesis. Nevertheless, the analyst believes Peraso’s early positioning in military communications and AI Edge systems could support a significant top-line rebound as the company moves into 2027.
Alongside Peraso (NASDAQ: PRSO), investors are also watching, Profusa Inc (NASDAQ: PFSA) Xos Inc (NASDAQ: XOS), Weave Communications Inc (NYSE: WEAV) and FreeCast Inc (NASDAQ: CAST) which are among stocks seeing active early trading.
About Peraso Inc.
Peraso Inc. (NASDAQ: PRSO) is a developer of high-performance 60GHz unlicensed and 5G mmWave wireless technology, including chipsets, modules, software and intellectual property. Its technology targets applications spanning fixed wireless access, military and tactical communications, UAVs, autonomous systems, Edge AI, immersive video and factory automation.
Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content.”TSR” is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. “TSR” authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. “TSR” has not been compensated to produce content related to “Any Companies” appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.
Media ContactCompany Name: The Street ReportsContact Person: EditorEmail: Send EmailCountry: United StatesWebsite: http://www.thestreetreports.com
