Hi Folks,
I’ve found an under-the-radar semiconductor company positioned at the center of several potentially explosive technology markets — and I believe Wall Street may be seriously underestimating what’s developing here.
Peraso Inc. (Nasdaq: PRSO)
This small semiconductor company is working at the intersection of military drones, AI, autonomous systems, electronic warfare and next-generation wireless communications.
And analysts are starting to take notice.
Nearly 200% Growth — and a $3.25 Target
As Peraso expands beyond fixed wireless and into military and Edge AI applications, analysts are projecting annual revenue growth approaching 200% in 2027.
Ladenburg Thalmann has also placed a $3.25 price target on PRSO, representing approximately 512% upside from current levels, based on the analyst’s estimate.
That’s a bullish outlook — and when you look at what’s developing behind the scenes, it’s not hard to see why Peraso is getting attention.
And Today, PRSO Added Another Catalyst
Peraso announced yesterday a $2M+ production order for its 60GHz technology — its largest in the last six quarters — with shipments beginning this quarter and continuing through July 2027.
For a company Peraso’s size, that’s a significant order and another strong sign that commercial demand for its 60GHz technology is gaining traction.
CEO Ron Glibbery called the order a “significant milestone” and said it further validates the growing adoption of 60GHz fixed wireless technology.
More importantly, he believes network operators are increasingly recognizing that 60GHz can deliver fiber-like performance with lower deployment costs and faster time to market.
For PRSO, this isn’t just another technology demonstration.
It’s a $2M+ production order with shipments scheduled into 2027.
The Next Drone Bottleneck May Be the Signal
Modern military drones are becoming flying data platforms.
They're transmitting 4K video, thermal imagery, LiDAR maps, AI data and command-and-control information — often at the same time.
And all of that data needs to move fast, securely and without interruption.
That's the problem Peraso is attacking with its proprietary 60GHz millimeter-wave technology.
Rather than building the drone itself, Peraso wants to provide the high-speed communications technology that keeps it connected.
And this isn't just a concept.
Peraso has already demonstrated a 50Gbps drone wireless network capable of handling multiple high-speed data streams simultaneously.
Even more important, the company has moved into production of 60GHz modules for military Drone Identification Friend or Foe (IFF) systems.
That's a meaningful step.
From demonstrating the technology to putting it into production.
And drones could be only part of the opportunity.
Peraso's 60GHz technology also has potential applications across drone swarms, robotics, autonomous vehicles, Edge AI, tactical military networks and fixed wireless access.
PRSO doesn't need to build the next drone, robot or autonomous vehicle.
It wants to provide the communications technology that helps make those systems work.
That's what has my attention.
Nearly 200% projected revenue growth in 2027.
A $3.25 analyst price target.
A $2M+ production order with shipments scheduled into 2027.
A 50Gbps drone network already demonstrated.
And military IFF modules moving into production.
The pieces are starting to line up.
Because the next major drone bottleneck may not be keeping them in the air.
It's keeping them connected.
And that's exactly where Peraso is positioning itself.
Keep PRSO on your screen. I believe this under-the-radar semiconductor story is just starting to get interesting.
To your success,
Michael Reece
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