DA Davidson analyst Tom Forte raised his price target on Control4 to $38 and kept his Buy rating after the participation of the company CFO in his 3D Davidson Deep Dive "Vertical Technology Day". The analyst notes that the discussions are prompting him to raise his long-term EBITDA margin forecast for the company to 27% from 25% vs. 14.6% in 2017, citing the company's "naturally exclusive" dealer partnerships, international expansion potential, and the talent of the new management. Forte further cites the company's annual organic revenue growth target of 10%-12% and gross margin target of 52%-54%, with upcoming catalysts including its efforts to expand its dealer network and engage in "strategic acquisitions to expand its portfolio of products and services".