SmartRent, Inc. (SMRT)
NYSE: SMRT · IEX Real-Time Price · USD
2.370
+0.010 (0.42%)
Jul 2, 2024, 4:00 PM EDT - Market closed
SmartRent Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for SmartRent stock have an average target of 3.86, with a low estimate of 3.20 and a high estimate of 5.00. The average target predicts an increase of 62.87% from the current stock price of 2.37.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 3, 2024.
Analyst Ratings
The average analyst rating for SmartRent stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BTIG | BTIG | Strong Buy Maintains $4.3 → $4 | Strong Buy | Maintains | $4.3 → $4 | +68.78% | Jun 3, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $3.25 | Strong Buy | Maintains | $3.25 | +37.13% | May 15, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains n/a | Buy | Maintains | n/a | n/a | Mar 6, 2024 |
| BTIG | BTIG | Strong Buy Initiates $4.5 | Strong Buy | Initiates | $4.5 | +89.87% | Jan 19, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $3.4 → $3.2 | Hold | Maintains | $3.4 → $3.2 | +35.02% | Nov 8, 2023 |
Financial Forecast
Revenue This Year
276.06M
from 236.84M
Increased by 16.56%
Revenue Next Year
328.87M
from 276.06M
Increased by 19.13%
EPS This Year
-0.06
from -0.17
EPS Next Year
0.02
from -0.06
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 293.7M | 357.7M | 413.8M | 476.6M | 562.5M |
| Avg | 276.1M | 328.9M | 398.0M | 463.0M | 546.4M |
| Low | 256.7M | 295.5M | 377.7M | 444.8M | 525.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.0% | 29.6% | 25.8% | 19.7% | 21.5% |
| Avg | 16.6% | 19.1% | 21.0% | 16.3% | 18.0% |
| Low | 8.4% | 7.0% | 14.8% | 11.8% | 13.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.04 | 0.05 | 0.09 |
| Avg | -0.06 | 0.02 | 0.07 |
| Low | -0.12 | -0.03 | 0.05 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 517.6% |
| Avg | - | - | 366.7% |
| Low | - | - | 220.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.