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Alarm.com price target lowered to $80 from $85 at Raymond James

Raymond James analyst Adam Tindle lowered the firm’s price target on Alarm.com (ALRM) to $80 from $85 and keeps a Strong Buy rating on the shares. Alarm.com’s Q1 results exceeded the firm’s expectations on growth metrics, with increased profitability guidance for fiscal 2025 suggesting that EBITDA margin will move toward 20%, the analyst tells investors in a research note. Raymond James sees multiple levers for incremental value creation through continued share repurchases and strategic M&A to accelerate growth catalysts and further business diversification.

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