ADT secures more than $1.5 billion investment from State Farm, Google
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RBC Capital Pleased with ADT State Farm/Google Investment, PT $9 (GOOG) (GOOGL) (ADT)
September 6, 2022 12:33 PM EDTRBC Capital analyst Ashish Sabadra reiterated an Outperform rating and $9.00 price target on ADT (NYSE: ADT).
The analyst comments "This morning, ADT announced State Farm will invest $1.2bn in ADT and commit up to $300mm, along with Google separately committing $150mm (incremental to its... More
ADT Corp. (ADT) Secures Over $1.5 Billion in New Investments From State Farm and Google
September 6, 2022 11:06 AM EDTADT Corp. (NYSE: ADT), the smart home and small business security firm, announced Tuesday that it has secured investments totaling $1.5 billion from both State Farm and Google.
State Farm will make a $1.2 billion equity investment in ADT, resulting in it owning... More
