SmartRent price target raised to $2 from $1.70 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on SmartRent (SMRT) to $2 from $1.70 and keeps a Market Perform rating on the shares. The firm reduced EBITDA estimates post the company’s Q4 report. However, the analyst views SmartRent’s 2028 targets positively, saying they appear achievable and improve visibility into the company’s growth and earnings outlook over the next few years.