SoundThinking (SSTI) PT Lowered to $16 at Cantor Fitzgerald on FY26 Expectations

Cantor Fitzgerald analyst Jonathan Ruykhaver lowered the price target on SoundThinking (NASDAQ: SSTI) to $16.00 (from $20.00) while maintaining a Overweight rating.

The analyst commented, "We maintain our Overweight rating and reduce our 12-month PT to $16 from $20 to reflect lower FY26 expectations. SoundThinking delivered solid 3Q25 results, showing progress on key AI product initiatives and strong customer retention. Although revenue and Adjusted EBITDA fell short of FactSet consensus, this was mainly due to the non-renewal of a contract with Puerto Rico and several delays in domestic and international deployments. The firm also lowered its full-year revenue guidance and EBITDA margin outlook. In response to go-to-market challenges, the company is reorganizing its sales structure, including a shift back to focusing on fewer products per salesperson. We remain positive on the long-term outlook, and at just 0.9x FY26 EV/Sales while forecasting double-digit growth next year, we view the stock as an attractive value play."

You May Also Be Interested In

• Freedom Broker Upgrades PrimeEnergy Resource (PNRG) to Hold
• Paramount seeks $1.88B bond from state AGs to cover costs of WBD merger delay - CNBC
• Stifel on Bally's Corp (BALY): 'expect shares to continue to trade mainly on development project cost & financing updates'