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.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSTI: