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

2. VirTra, Inc. (NASDAQ:VTSI)

Analyst Upside: 104.71%

Number of Hedge Fund Holders: 4

VirTra, Inc. (NASDAQ:VTSI) provides judgmental use of firearms training simulators, force training simulators, and driving simulators for law enforcement, military, commercial, and educational markets. Its simulators employ hardware, software, and content that create realistic training mechanisms without using live ammunition.

In its latest fiscal Q4 2024 earnings report, the company reported a notable 37% growth in its Q4 bookings to $12.2 million and an expanded year-end backlog of $22.0 million. These trends emerged amid challenges in federal funding. VirTra, Inc. (NASDAQ:VTSI) also attained key contracts in Latin America and Europe and closed the first sale of its V-XR® training platform in Canada, marking its expansion into international markets.

Although the company is facing challenges such as falling revenue, it maintained a strong working capital position of $34.8 million, supporting its growth initiatives. For the future, VirTra, Inc. (NASDAQ:VTSI) is focused on expanding its role in federal law enforcement training initiatives and navigating federal funding variability. In a report released on March 28, Richard Baldry from Roth MKM maintained a Buy rating on the company and set a price target of $9.50.