10 Best Prison and Law Enforcement Stocks to Buy According to Analysts

5. Byrna Technologies Inc. (NASDAQ:BYRN)

Analyst Upside: 54.29%

Number of Hedge Fund Holders: 16

Byrna Technologies Inc. (NASDAQ:BYRN) operates as a less-lethal self-defense technology company that develops, manufactures, and sells innovative, less-lethal personal security solutions. It manufactures the Byrna SD personal security device, which is a CO2-powered launcher that acts as a firearm alternative for law enforcement, private security, and consumer markets. The company operates through the following geographical segments: the United States, South Africa, Europe, South America, Asia, and Canada.

Byrna Technologies Inc. (NASDAQ:BYRN) reported a notable 57% year-over-year growth in its net revenue, going from $16.7 million in fiscal Q1 2024 to $26.2 million in fiscal Q1 2025. This growth was attributed to channel expansion, strong sales momentum, and broader brand adoption, all reflecting Byrna Technologies Inc.’s (NASDAQ:BYRN) strategic initiatives to expand its market share.

The company’s expansion into online platforms and retail has also brought positive investor sentiments, as Amazon sales made up 32.6% of its total direct-to-consumer sales by the end of fiscal Q1 2025, undergoing a 19.3% growth from fiscal Q1 2024. Byrna Technologies Inc. (NASDAQ:BYRN) also bolstered its retail presence through partnerships with major chains, including Sportsman’s Warehouse.

On April 11, Roth MKM analyst Matt Koranda maintained a Buy rating on Byrna Technologies Inc. (NASDAQ:BYRN) and set a price target of $33.00. On April 19, COO John Brasseur expressed confidence in the company by recently purchasing 728 shares of its stock. The transaction was valued at $14,698, reflecting a strong vote of confidence in Byrna Technologies Inc.’s (NASDAQ:BYRN) future operations and ranking it sixth on our list of the top prison and law enforcement stocks to invest in.