ALRM - Alarm.com upgraded at Roth after strong Q3 SaaS checks
Citing Q3 channel checks, Roth analyst Darren Aftahi upgrades Alarm.com (ALRM) from Neutral to Buy and maintains a $65 price target, a 16% upside to the last close.Aftahi says the checks showed better than expected demand for ALRM's SaaS growth and continuing hardware growth.The analyst sees Alarm's valuation as reasonable with a balanced risk/reward considering the mid-teens SaaS growth expected for this year.Alarm.com shares are up 2% to $57.ALRM has a Bullish average Wall Street analysts rating and a $67.25 price target.
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Alarm.com upgraded at Roth after strong Q3 SaaS checks