Barclays Maintains Equal-Weight on Alarm.com Holdings, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Saket Kalia has maintained an Equal-Weight rating on Alarm.com Holdings (NASDAQ:ALRM) but has lowered the price target from $72 to $60.
October 07, 2024 | 6:19 pm
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Barclays has maintained its Equal-Weight rating on Alarm.com Holdings but reduced the price target from $72 to $60, indicating a more cautious outlook.
The reduction in price target from $72 to $60 by Barclays suggests a less optimistic view on Alarm.com's future performance, which could lead to a negative short-term impact on the stock price. The maintained Equal-Weight rating indicates a neutral stance, but the lowered target reflects potential concerns.
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IMPORTANCE 80
RELEVANCE 100