First Analysis analyst Howard Smith upgraded Alarm.com to Strong Buy from Outperform and kept his price target of $57, citing a "more compelling" near term opportunity for investors after the recent market sell-off. The analyst believes that the company's "solid position" in home security will reward investors "handsomely". Smith also states that the stock has come under some more company-specific pressure on competitive and industry-related events. The analyst is positive on Alarm.com commercial opportunity as well as the potential of subscriber growth metrics outside of North America.