SoundThinking price target lowered to $19 from $25 at JMP Securities
The Fly

SoundThinking price target lowered to $19 from $25 at JMP Securities

JMP Securities analyst Trevor Walsh lowered the firm’s price target on SoundThinking (SSTI) to $19 from $25 and keeps an Outperform rating on the shares. SoundThinking reported mixed Q3 results and management reaffirmed the prior guidance framework, the analyst tells investors in a research note. The company has made significant strides to expand its SafetySmart platform to include products outside of the core ShotSpotter offering, and while the firm remains positive on the outlook for SafePointe and PlateRanger, they are not likely to be significant contributors to revenue until 2026 and beyond, JMP says.

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