Alarm.com (ALRM) to Benefit from Amazon/ADT Pulse Deal Says Roth, Raises Target to $62

Roth Capital analyst Darren Aftahi raised the price target on Alarm.com (NASDAQ: ALRM) to $62.00 (from $57.00) while maintaining a Buy rating.

The analyst comments "Amazon announced a slew of new voice-enable Alexa based smart home products, notably Alexa Guard, with which it has partnered with ADT Pulse as its service provider. We believe this new partnership could raise the awareness of ADT Pulse, which indirectly should benefit ALRM, given its five year exclusive MSA it signed with ADT when it closed its Connect acquisition."

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