Beyond The Numbers: 4 Analysts Discuss Alarm.com Holdings Stock
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Alarm.com Holdings (NASDAQ:ALRM) show a mix of perspectives, with a shift towards a more neutral stance in the last 30 days. Analysts have raised their 12-month price targets, indicating a 10.4% increase from the previous average, with a new average target of $69.00. The company's financial performance is strong, with notable revenue growth, high net margin, and efficient asset management. Alarm.com Holdings operates in cloud-based software for connected properties and generates most of its revenue through SaaS and license fees, primarily in the United States and Canada.
February 23, 2024 | 3:01 pm
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POSITIVE IMPACT
Alarm.com Holdings has received mixed analyst ratings but an overall positive adjustment in price targets, suggesting a bullish outlook. The company's strong financial performance and efficient operations are likely to support its stock price in the short term.
The upward revision in price targets by analysts, despite mixed ratings, indicates a positive outlook on the stock's future performance. The company's strong financial indicators, such as high net margin and revenue growth, support this optimism. Given the company's operational efficiency and market position, these factors are likely to have a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100