SoundThinking price target lowered to $16 from $17.50 at Craig-Hallum
The Fly

SoundThinking price target lowered to $16 from $17.50 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on SoundThinking (SSTI) to $16 from $17.50 and keeps a Hold rating on the shares. The firm notes SoundThinking delivered mixed Q3 results with slight upside on revenues but a miss on adjusted EBITDA driven by downside on gross margin. Guidance for FY24 was reiterated as the company went “live” in four new cities and one university, while expanding coverage with eight current partners, Craig-Hallum adds.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App