Vivent Smart Home (VVNT) PT Raised to $22 at JPMorgan, Adds to Analyst Focus List on Encouraging Guidance

August 7, 2020 9:27 AM EDT
Get Alerts VVNT Hot Sheet
Price: $12.60 -2.02%

Rating Summary:
    4 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 26 | New: 45
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JPMorgan analyst Paul Coster raised the price target on Vivent Smart Home (NYSE: VVNT) to $22.00 (from $20.00) while maintaining a Overweight rating.

The analyst comments "VVNT easily beat consensus expectations in this COVID-impacted 2Q, and posted good progress against every operational target, reducing cost of customer acquisition and service, and dramatically pulling forward the attainment of sustainable positive operational cash flow. We are raising estimates to reflect this progress; our price target goes to $22. We reiterate our Overweight rating and we are adding VVNT to the Analyst Focus List as a high conviction growth idea."

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