Jefferies analyst Samad Samana initiated coverage of Alarm.com (ALRM) with a Buy rating and $65 price target The company has a “durable growth profile and solid profitability,” but the stock is trading at a discount due to concerns on competition and the ADT relationship, the analyst tells investors in a research note. The firm believes Alarm.com’s market leadership position and newer growth opportunities “will allow it to more than offset the headwinds.”
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