Goldman Sachs raised the firm’s price target on Alarm.com (ALRM) to $67 from $64 and keeps a Neutral rating on the shares. The company reported Q3 revenue and profitability ahead of expectations, driven by a modest software-as-a-service and license beat and more pronounced hardware outperformance, the analyst tells investors in a research note. However, the firm says growth headwinds impacted Alarm.com’s preliminary 2025 outlook.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALRM: