ADT Announces Partnership With State Farm, Plans Innovative Offering That Combines Security, Risk Mitigation and Smart Home Capabilities to Revolutionize the Customer Experience

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Go back to ADT Announces Partnership With State Farm, Plans Innovative Offering That Combines Security, Risk Mitigation and Smart Home Capabilities to Revolutionize the Customer Experience

RBC Capital Pleased with ADT State Farm/Google Investment, PT $9 (GOOG) (GOOGL) (ADT)

September 6, 2022 12:33 PM EDT

RBC 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 EDT

ADT 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