I don’t think there are many of us following SMRT, but I posted on them a while back and wanted to provide a quick update going into earnings–
Goldman Sachs initiated coverage today with a “buy” rating and $18 price target (50% upside), as well as Ron Baron estimating a current project pipeline of $2B in ARR based on units installed, churn, and committed units. The Baron article is here
https://www.gurufocus.com/news/1554469/ron-baron-comments-on…
And here is my original post if you are looking for more background.
https://discussion.fool.com/comparing-ltch-and-smrt-34923185.asp…
The next earnings or two will be interesting with possible construction / supply chain delays, but once their hardware is installed the SaaS business is sticky (0% churn) and has high margins to offset the loss-leading hardware.
Maybe one to watch.
As I doubt this is a popular one for the majority of readers and I don’t want to fill up the board with posts, feel free to email me directly unless you have something material to add.
Best–
Millennial Falcon