Citizens JMP lowered the firm’s price target on SoundThinking (SSTI) to $16 from $19 and keeps an Outperform rating on the shares. The company reported Q3 results that were largely below expectations due to three large deal push-outs and temporary sales execution challenges, the analyst tells investors in a research note. Despite the setbacks in the quarter, Citizens sees the potential for upside on multiple fronts, including the potential win back of the Chicago contract.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSTI: