Keefe, Bruyette & Woods Maintains Outperform on SmartRent, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Ryan Tomasello maintains an Outperform rating on SmartRent (NYSE:SMRT) but lowers the price target from $4.5 to $4.
March 06, 2024 | 10:42 am
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NEUTRAL IMPACT
SmartRent's Outperform rating is maintained by Keefe, Bruyette & Woods, but its price target is reduced from $4.5 to $4.
While the maintenance of an Outperform rating suggests a positive outlook on SmartRent's performance, the reduction in price target could indicate a tempered expectation for its stock price growth in the short term. This mixed signal might lead to neutral market reaction in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100