Goldman Sachs raised the firm’s price target on Alarm.com (ALRM) to $67 from $64 and keeps a Neutral rating on the shares. The company reported Q3 revenue and profitability ahead of expectations, driven by a modest software-as-a-service and license beat and more pronounced hardware outperformance, the analyst tells investors in a research note. However, the firm says growth headwinds impacted Alarm.com’s preliminary 2025 outlook.
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