SoundThinking price target raised to $20 from $18 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on SoundThinking (SSTI) to $20 from $18 and keeps a Buy rating on the shares. The firm’s 2025 revenue and ARR estimates are unchanged, but it trimmed its 2025 AEBITDA view by about $1M to align with the company’s 100 basis points lower AEBITDA margin guidance after the Q1 report. The firm, which is modeling a return to double-digit revenue growth in Q4, believes the current valuation represents “too much of a discount to peers,” the analyst tells investors.