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Fly News Breaks for May 10, 2019
ALRM
May 10, 2019 | 08:42 EDT
Maxim analyst Nehal Chokshi raised his price target on Alarm.comt to $79 and kept his Buy rating after its Q1 earnings beat and raised FY19 guidance, which he sees as "conservative". The analyst notes that while the company's core SaaS & License revenue growth slowed slightly to 19%, its early stage subsidiary businesses "generate reaccelerated SaaS revenue growth of 100%."
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