Upside targets $52.75 & $57.72
Maxim Group reiterated a Buy rating on Alarm ( ALRM ), with a price target of $79.00. The company’s shares closed last Monday at $48.03.
Imperial Capital analyst Jeff Kessler upgraded Alarm.com to Outperform from In-Line with a price target of $57, up from $51. The company's "strong" EBITDA growth should resume in 2021 after large future business investment increases in 2020, Kessler tells investors in a research note. The analyst sees Alarm.com as a leader in the software-as-a-service platforms for small and medium businesse
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CEO , Stephen Trubdle had positve comments on the quarter:
"We are pleased to report solid results for the quarter and the year thanks to the performance of our service provider partners and dedication of the Alarm.com team. With our best-in-class platform and strong product pipeline, we are focused on continuing to deliver innovative capabilities for our service provider partners to extend their leadership positions in their markets.”