Maxim analyst Jack Vander Aarde lowered the firm’s price target on Cloudastructure (CSAI) to $4 from $6 and keeps a Buy rating on the shares. The company is gaining substantial traction within the property management and adjacent verticals that benefit from cloud-based, 24/7 proactive AI-video surveillance and remote guarding that offers contract-free pricing and up to ~75% lower cost of ownership vs. many competitor systems, though the firm’s price target cut reflects equity dilution, the analyst tells investors in a research note.
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