BWS Financial analyst Hamed Khorsand has maintained their bullish stance on ARLO stock, giving a Buy rating on August 8.
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Hamed Khorsand has given his Buy rating due to a combination of factors that highlight Arlo Technologies’ strong market position and growth potential. The company has demonstrated significant success in expanding its subscriber base, with an impressive addition of approximately 218,000 paid subscribers in the recent quarter, bringing the total to over 5.1 million. This growth in paid users is attributed to Arlo’s strategic pricing actions on its home security devices, which have made them more attractive to consumers.
Furthermore, Arlo Technologies has surpassed revenue expectations, reporting $129.4 million in the second quarter, exceeding the anticipated $122.0 million. This revenue growth is a positive indicator of the company’s ability to capitalize on its market leadership in smart home security solutions. Additionally, changes in subscription tiers are expected to drive further growth into 2026, even without adding new users, suggesting a sustainable business model. These factors collectively underpin Khorsand’s optimistic outlook and Buy rating for Arlo Technologies.
According to TipRanks, Khorsand is a 5-star analyst with an average return of 9.3% and a 53.09% success rate. Khorsand covers the Technology sector, focusing on stocks such as Ubiquiti Networks, Adeia, and Innodata.
In another report released on August 8, Raymond James also maintained a Buy rating on the stock with a $22.00 price target.