Arlo Technologies price target raised to $14 from $12 at Lake Street

Lake Street analyst Jacob Stephan raised the firm’s price target on Arlo Technologies to $14 from $12 and keeps a Buy rating on the shares after the company beat revenue and profitability expectations in Q2. The firm, which rolls forward its valuation to utilize its 2024 product and service revenue estimates, believes Arlo shares are trading at “a reasonable valuation.”