Roth Capital analyst Darren Aftahi lowered his price target for Alarm.com to $55 from $73, which he believes is "reasonable" given growth profile. The analyst's service provider checks suggest about 14% year over year installation growth from his Q2 survey, which leaves him comfortable with his implied 13%-plus core SaaS topline Q2 growth estimate. Checks also again suggest that video-related hardware continues to see "solid" traction, he adds. However, Aftahi says that stabilization or re-acceleration in core SaaS growth is needed for him to get constructive on the shares.