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Investing.com - Roth/MKM has lowered its price target on Smith Micro Software (NASDAQ:SMSI) to $4.00 from $5.50 while maintaining a Buy rating on the stock. The company, currently trading at $0.77 with a market cap of $17.4 million, has shown recent momentum with a 12% gain over the past week. According to InvestingPro analysis, the stock is currently trading below its Fair Value.
The firm noted that Smith Micro reported results at the lower end of its guidance range, continuing a pattern seen in previous quarters.
Despite the company’s outlook falling below consensus estimates, Roth/MKM believes this marks a trough point for the business, with guidance showing a 5% increase at the midpoint.
The research firm highlighted Smith Micro’s growing carrier opportunity pipeline, which is expanding due to new product offerings including SafePath 8 and SafePath OS, which provide family safety, child tracking, and emerging elder care solutions.
Roth/MKM maintained its Buy rating on Smith Micro stock despite the lower price target, citing the market’s total addressable market (TAM) and valuation disparity compared to industry peers.
In other recent news, Smith Micro Software Inc. reported a 14% year-over-year decline in revenue for the second quarter of 2025, amounting to $4.4 million. Despite this decrease in revenue, the company saw a rise in its stock during aftermarket trading. Smith Micro emphasized its strategic focus on expanding its SafePath platform, targeting growth within the family and senior safety markets. These developments indicate a shift in the company’s strategic priorities amidst the reported financial results. Investors may find interest in how Smith Micro plans to leverage its SafePath platform for future growth.
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