Arlo Technologies price target raised to $22 from $15 at Raymond James

Raymond James raised the firm’s price target on Arlo Technologies (ARLO) to $22 from $15 and keeps an Outperform rating on the shares. Arlo’s Q2 results were above expectations on all key metrics, the analyst tells investors in a research note. The firm says big picture thesis points remain, including that Services is on track to exceed a $300M annual run rate business.