Alarm.com price target raised to $78 from $66 at Barclays

Barclays raised the firm’s price target on Alarm.com to $78 from $66 and keeps an Equal Weight rating on the shares. The biggest takeaway from the earnings report is the Vivint settlement revising up fiscal 2024 revenue and EBITDA in line with Barclays’ above-consensus estimates coming into the quarter, the analyst tells investors in a research note.