Canaccord analyst Kingsley Crane raised the firm’s price target on Alarum (ALAR) to $15 from $11 and keeps a Buy rating on the shares. Alarum materially raised its Q2 outlook for revenue and adjusted EBITDA less than two weeks after reporting Q1 earnings and providing guidance for Q2, the analyst tells investors in a research note. While it’s “somewhat atypical” for a company to revise its guidance so quickly, Canaccord believes it speaks to the strong demand Alarum is seeing in the market.
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