{
  "id": 18280188,
  "title": "B.Riley raises SmartRent stock price target on earnings beat",
  "url": "https://urgent.news/2026/11/05/b-riley-raises-smartrent-stock-price-target-on-earnings-beat",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T09:10:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/briley-raises-smartrent-stock-price-target-on-earnings-beat-93CH-5002673"
  },
  "original_language": "en",
  "account": "Investing.com reports that B.Riley upgraded its price target for SmartRent (NYSE:SMRT) to $2.25 from $1.75, maintaining a Buy rating. The company cited strong third-quarter earnings that surpassed market expectations. SmartRent generated $41.6 million in revenue, a 14.8% increase year-over-year and a 4.3% rise quarter-over-quarter. Core revenue, excluding non-cash hub amortization, climbed 24% to $40.7 million. EBITDA reached $1.1 million, with a 2.5% margin, beating both market and internal forecasts. The stock is currently trading at $1.62, up 18% over the past week, though some analysts believe it may be overvalued at current levels. SmartRent's balance sheet remains robust, with more cash than debt and a current ratio of 3.8. The positive EBITDA trend indicates progress, despite analysts' pessimism about profitability this year. Hardware sales drove growth, with shipments of equipment ahead of fourth-quarter installations. Deployments are expected to increase in the fourth quarter, with the company targeting 1 million installed units by the first half of 2027.",
  "summary": null,
  "key_points": [
    "B.Riley raises SmartRent's price target to $2.25 from $1.75",
    "SmartRent reports strong Q3 earnings exceeding market expectations",
    "Hardware sales drive growth with shipments ahead of installations"
  ],
  "editors_take": "Surpassing revenue and EBITDA forecasts signals that SmartRent is successfully transitioning toward profitability through hardware-driven growth and a strengthening balance sheet.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}