Northland Securities analyst Michael Latimore maintained a Buy rating on Alarmcom (ALRM) today and set a price target of $73. The company’s shares closed yesterday at $50.98.
Latimore commented:
“We believe the growth in number of all apps in the iOS and Android stores grows about 6-8% per year.”
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 13.2% and a 57.6% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
Alarmcom has an analyst consensus of Moderate Buy, with a price target consensus of $72.
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Alarmcom’s market cap is currently $2.46B and has a P/E ratio of 127.93. The company has a Price to Book ratio of 8.41.
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Alarm.com Holdings, Inc. engages in the provision of wireless and web-enabled security system technology. The company offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.
