In a report released today, Hamed Khorsand from BWS Financial maintained a Buy rating on Arlo Technologies, with a price target of $26.00.
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Hamed Khorsand has given his Buy rating due to a combination of factors tied to Arlo Technologies’ recent operating performance and growth trajectory. The company exceeded fourth-quarter expectations, with paid account additions reaching levels above its prior quarterly norms, helped by a refreshed product portfolio launched ahead of the holiday season, which boosted its competitive position and market appeal.
Khorsand also points to robust consumer demand that is running ahead of prior assumptions, enabling Arlo to generate free cash flow and move toward surpassing $400 million in annual service revenue. Fourth-quarter revenue modestly topped his forecast, and the sustained expansion in high-margin service revenue, supported by strong customer loyalty, is viewed as a key driver for future value creation and investor interest.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $22.00 price target.