SoundThinking price target lowered to $19 from $20 at Lake Street

Lake Street lowered the firm’s price target on SoundThinking (SSTI) to $19 from $20 and keeps a Buy rating on the shares. The company saw bookings fall short of targets on “unexpected administrative hurdles,” notes the analyst, who lowered the firm’s price target to reflect the higher risk of execution due to the back-half skewing despite the company having reiterated its 2025 view.