SmartRent Reports Fourth Quarter 2023 Results – Adjusted EBITDA Positive
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SmartRent (SMRT) PT Lowered to $4.30 at BTIG, 'Something for Everyone'
March 6, 2024 6:26 AM ESTBTIG analyst Soham Bhonsle lowered the price target on SmartRent (NYSE: SMRT) to $4.30 (from $4.50) while maintaining a Buy rating.
The analyst comments "SMRT reported 4Q'23 revenue that was ~1% above consensus and Adj. EBITDA (of $0.7mln) that was largely in-line with the street. Shares however were down ~10% at one point yesterday (only to close -4.5% on the day) as FY'24 revenue and Adj. EBITDA guidance came in lighter-than-expected. We think 4Q'23 results and the... More
