SoundThinking upgraded to Buy at Craig-Hallum after NYPD renewal

Craig-Hallum upgraded SoundThinking (SSTI) to Buy from Hold with a price target of $25, up from $16, after the company announced the NYPD had agreed to a multi-year contract renewal at terms similar to its prior contract. This was a “significant win” for the company that greatly improves visibility for both revenue and profit, the analyst tells investors.