Barclays has revised its price target for Alarm.com (ALRM, Financial), bringing it down to $60 from the previous $67. The decision is part of the firm's preliminary assessment for the first quarter involving 16 companies reporting in sectors such as security, design, and vertical software-as-a-service.
Despite the adjustment, Barclays maintains an Equal Weight rating for Alarm.com shares, indicating a neutral stance on the stock's performance relative to the broader market. This evaluation suggests that investors should expect stock performance in line with the industry average, without any exceptional gain or loss anticipated in the near term.
The updated price target reflects a cautious view of the company's upcoming financial results, factoring in broader industry trends and potential market fluctuations that could impact performance in the short run.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Alarm.com Holdings Inc (ALRM, Financial) is $68.50 with a high estimate of $84.00 and a low estimate of $50.00. The average target implies an upside of 33.35% from the current price of $51.37. More detailed estimate data can be found on the Alarm.com Holdings Inc (ALRM) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Alarm.com Holdings Inc's (ALRM, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alarm.com Holdings Inc (ALRM, Financial) in one year is $62.79, suggesting a upside of 22.23% from the current price of $51.37. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alarm.com Holdings Inc (ALRM) Summary page.
