SoundThinking price target lowered to $18 from $21 at Lake Street

Lake Street lowered the firm’s price target on SoundThinking (SSTI) to $18 from $21 and keeps a Buy rating on the shares. While the company sees the addition of another 100-120 square miles of coverage in 2025, the departure of Chicago means it will face “tough comps for the first nine months of 2025,” says the analyst. While the firm pulled an additional $2.5M out of its prior 2025 revenue estimate, it notes that its 2025 AEBITDA estimate is relatively unchanged.