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

4. Wrap Technologies, Inc. (NASDAQ:WRAP)

Analyst Upside: 61.29%

Number of Hedge Fund Holders: 2

Wrap Technologies, Inc. (NASDAQ:WRAP) is a global public safety technology and service company that provides modern policing solutions to law enforcement and security personnel. Its products include Wrap Reality and BolaWrap Remote Restraint Device. In its recent earnings call, the company expressed a cautiously optimistic sentiment, reporting significant financial metric improvements and strategic initiatives focused on driving future growth.

Although Wrap Technologies, Inc. (NASDAQ:WRAP) faced challenges such as elongated timelines for international deals and declining revenue, investors are bullish on the stock, and its median price target of $1.55 implies a 61.29% upside from current levels, ranking it fifth on our list of the best prison and law enforcement stocks to invest in. The company is actively addressing its issues, expanding its federal market presence and focusing on research.

Wrap Technologies, Inc. (NASDAQ:WRAP) also reported a significant improvement in financial metrics, including a 17% reduction in operating losses, going from $18.75 million in 2023 to $15.6 million in 2024. Net losses also saw a notable improvement of 81%, decreasing from $30.2 million in 2023 to $5.9 million in 2024. These metrics reflect Wrap Technologies, Inc.’s (NASDAQ:WRAP) initiatives to improve its financial standing and streamline its operations.