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Investing.com - Canaccord Genuity raised its price target on Alarum Technologies (NASDAQ:ALAR) to $27.00 from $22.00 on Friday, while maintaining a Buy rating on the cybersecurity company’s stock. The company, currently valued at $120.57 million, has demonstrated strong financial performance with revenues of $30.58 million in the last twelve months.
The price target increase represents a significant upward revision, with the new target reflecting 4x FY26 estimated sales based on Canaccord’s updated projections for the company. According to InvestingPro data, the stock has already shown impressive momentum with a 120.86% return over the past six months.
Canaccord cited "powerful top-line growth tailwinds" that it expects will benefit Alarum through the remainder of fiscal year 2025 and into next year as the primary driver behind the more optimistic outlook.
The research firm noted that Alarum shares are currently trading at approximately 2x FY26 sales based on their updated estimates, which they consider "simply too cheap" given the company’s growth prospects.
Canaccord also highlighted "significant rerating potential in excess of 4x sales" if Alarum can demonstrate consistent sequential growth over multiple quarters. The stock currently trades at a P/E ratio of 21.34x, which according to InvestingPro analysis, appears low relative to its near-term earnings growth potential.
In other recent news, Alarum Technologies Ltd reported its second-quarter 2025 earnings, highlighting a strategic shift towards AI-driven data collection and infrastructure expansion. Despite experiencing a slight decrease in revenue compared to the previous year, the company managed to achieve a net profit, a significant turnaround from the loss it reported last year. This development reflects Alarum’s focus on strategic investments and future growth prospects. The positive financial results have drawn attention from investors, indicating confidence in the company’s new direction. Additionally, the earnings report did not mention any recent mergers or acquisitions. Analyst firms have not recently upgraded or downgraded Alarum Technologies, keeping the focus primarily on the company’s financial performance. These developments underscore Alarum Technologies’ strategic pivot and its impact on the company’s financial health.
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