Smith Micro price target lowered to $2.50 from $3.50 at Benchmark

Benchmark analyst Matthew Harrigan lowered the firm’s price target on Smith Micro to $2.50 from $3.50 and keeps a Buy rating on the shares. Despite particularly adverse first half of 2024 comparisons, Smith Micro’s SafePath “remains the top solution for family safety,” says the analyst, who notes the firm’s target is set before a 1-for-4 to 1-for-10 reverse split that is up for shareholder approval at a meeting expected for April 1.