ALRM Price Prediction Next Week
Analysis and Insights
To predict the stock price of Alarm.com Holdings (ALRM) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The current price of ALRM is $57.00. Key technical indicators include:
- RSI (14): 35.34, indicating the stock is oversold.
- MACD: -0.86, showing bearish momentum.
- Fibonacci Levels: Pivot at $57.87, resistance at $59.16, and support at $56.58.
News Sentiment:
- Insider Activity: CFO Steve Valenzuela sold 1,564 shares, indicating potential insider caution.
- Product Launch: ALRM is showcasing AI-based crime prevention solutions at ISC West 2025, which could drive positive sentiment.
- Industry Growth: The security sector is expected to grow due to increased demand for safety products.
Prediction and Recommendation:
Based on the oversold RSI and potential positive news impact, ALRM is expected to rebound. The target price for the next trading week is $59.27.
Recommendation: Buy ALRM at the current price level, expecting a rebound toward the Fibonacci resistance level.
ALRM Similar Chart Price Prediction
The price of ALRM is predicted to go up 1.59%, based on the high correlation periods with LMND. The similarity of these two price pattern on the periods is 94.61%.
ALRM
LMND
Up: 1.59%Similarity: 94.61%
ALRM Revenue Forecast
ALRM EPS Forecast
ALRM FAQs
What is ALRM revenue forecast for next quarter？
What is ALRM eps forecast for next quarter？
ALRM Analyst's Forecast
Ella Smith
JP Morgan
Hold → Sell
2024-11-11
Price Target
$65 → $50
Downside
-18.71%
JPMorgan analyst Ella Smith downgraded Alarm.com to Underweight from Neutral with a price target of $50, down from $65, after assuming coverage of the name. Alarm.com has built a "highly scalable and dependable" cloud-monitoring and management platform, focused on the residential and commercial security space, the analyst tells investors in a research note. However, the firm has concerns surrounding the company's revenue headwinds, limited margin upside, and a relatively higher mix of hardware/non-recurring revenue streams, versus similarly valued stocks. Alarm.com is experiencing a period of stark revenue deceleration and heavy competition limits its pricing power and margin upside, contends JPMorgan.
Saket Kalia
Barclays
Hold
2024-11-08
Price Target
$60 → $67
Upside
+5.74%
Adam Hotchkiss
Goldman Sachs
Hold
2024-11-08
Price Target
$64 → $67
Upside
+5.74%
