BWS Financial analyst Hamed Khorsand raised the firm’s price target on Arlo Technologies to $24 from $17 and keeps a Buy rating on the shares after the company announced reaching 4M paid accounts in what the firm says is an accelerated pace from when the company reported 3M paid accounts at the end of February. The firm is raising its price target ahead of Arlo reporting Q2 results, supported by the company exiting 2024 with a higher ARR than BWS was originally forecasting, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARLO:
- Arlo Technologies launches strategic partnership with Allstate
- Arlo Technologies price target raised to $17 from $14 at Craig-Hallum
- Arlo Technologies affirms FY24 EPS 35c-45c, consensus 41c
- Arlo Technologies sees Q2 adjusted EPS 6c-12c, consensus 9c
- Arlo Technologies reports Q1 adjusted EPS 9c, consensus 9c
Questions or Comments about the article? Write to editor@tipranks.com