Why Byrna Technologies (BYRN) Is Among the Best Prison and Law Enforcement Stocks to Buy According to Analysts
From Yahoo Finance: 2025-04-27 16:54:00
An estimated 11.7 million people were in prisons globally in 2019, up 25% since 2000, with women prisoners increasing by 33%. The US law enforcement PPE industry was worth $839.4 million in 2021, expected to grow at 5.0% annually from 2022 to 2030 due to increased demand for protective gear during the pandemic.
Police departments in the US are starting to use AI for administrative tasks like report writing. However, legal experts have concerns about transparency, accuracy, and bias in AI tools for law enforcement, impacting the technology’s future adoption and use in policing.
Byrna Technologies Inc. (NASDAQ: BYRN) operates as a less-lethal self-defense technology company, reporting a 57% year-over-year revenue growth in fiscal Q1 2025. It saw positive investor sentiment from expanding online sales, retail partnerships, and strong sales momentum, ranking sixth in a list of top prison and law enforcement stocks to invest in.
Read more at Yahoo Finance: Why Byrna Technologies (BYRN) Is Among the Best Prison and Law Enforcement Stocks to Buy According to Analysts