Goldman Sachs raises Alarm.com stock price target to $63 on strong Q2

Published 08/08/2025, 10:56
Goldman Sachs raises Alarm.com stock price target to $63 on strong Q2

Investing.com - Goldman Sachs raised its price target on Alarm.com (NASDAQ:ALRM) to $63.00 from $59.00 while maintaining a Neutral rating following the company’s second-quarter results. According to InvestingPro analysis, the company, currently valued at $2.7 billion, appears undervalued based on its proprietary Fair Value model.

The security solutions provider reported revenue and profitability that exceeded expectations in Q2 2025, with outperformance in both SaaS and hardware revenue segments. The company maintains healthy financials with a strong gross margin of 65.7% and revenue growth of 6.7% over the last twelve months. In response, Alarm.com raised its full-year guidance for SaaS and license revenue by approximately $5.2 million.

The company showed strong growth across all SaaS segments, with net revenue retention remaining at the high end of historical ranges despite a sequential decline of about 60 basis points. Alarm.com also achieved record hardware revenue and implemented a 10% price increase to offset tariff impacts. InvestingPro data shows the company operates with solid liquidity, maintaining a healthy current ratio of 2.14.

Growth initiatives including commercial, energy, and international segments continued to expand at approximately 25% year-over-year, reaching nearly 30% of SaaS and license revenue in Q2. The company also launched new AI-driven video analytics capabilities and a new smart thermostat.

Alarm.com expects to realize approximately $200 million in cash tax benefits in future years as a result of recent legislation, though the timing of these benefits to free cash flow remains unclear.

In other recent news, Alarm.com reported impressive financial results for Q1 2025, with earnings per share (EPS) of $0.54, surpassing analysts’ expectations of $0.51. The company’s revenue also exceeded forecasts, reaching $238.8 million compared to the anticipated $237.25 million. Additionally, Alarm.com has expanded its smart home platform to support Apple (NASDAQ:AAPL) CarPlay, allowing iPhone users to control home security and automation features directly from their vehicle’s display. This integration enables drivers to manage essential functions like garage doors and security systems from their car’s dashboard.

Furthermore, Shooter Detection Systems, a company under Alarm.com, successfully utilized its outdoor gunshot detection technology to assist law enforcement in apprehending a drive-by shooter. Alarm.com also introduced the ADC-T25 Smart Thermostat, designed to offer advanced features at a lower price point, aiming to broaden its market reach. The new thermostat offers flexible installation options, including battery operation, eliminating the need for additional wiring. These developments highlight Alarm.com’s ongoing innovation and commitment to enhancing smart home technology and security solutions.

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