Roth MKM keeps a Buy rating and $59 price target on Alarm.com while noting that the firm’s Q1 channel checks suggest 8.1% core SaaS growth, which is about 110bps better than Roth MKM’s modeled estimate. The checks boost the firm’s confidence that the company should be set up for "modestly better" Q1 results, especially for core SaaS growth, the analyst tells investors in a research note.
Published first on TheFly
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