Alarum price target lowered to $14 from $27 at Canaccord

Canaccord lowered the firm’s price target on Alarum (ALAR) to $14 from $27 and keeps a Buy rating on the shares. The firm said Alarum reported mixed Q4 results within the guided ranges. They said the earlier strategic pivot toward the AI data collection is now yielding “record” top-line growth and validates its new product portfolio, while year-over-year profitability declines are due to deliberate reinvestment, which the firm views as a good thing.