
SmartRent (SMRT) Stock Forecast & Price Target
SmartRent (SMRT) Analyst Ratings
Bulls say
SmartRent Inc. has demonstrated promising financial metrics with a robust 32% growth in Annual Recurring Revenue (ARR) and Software as a Service (SaaS) revenue, which now constitutes 26.5% of total revenue, reflecting strong demand and effective upselling strategies. The company's fully integrated platform offers substantial benefits to real estate owners by reducing operating costs, enhancing property management, and generating additional revenue opportunities, positioning SmartRent as a leader in the burgeoning proptech sector. Furthermore, the digitization trend in real estate is expected to accelerate, providing significant long-term growth potential for SmartRent, particularly given its capacity to deploy over 200,000 units annually and its strong client base encompassing a considerable share of the multifamily housing market.
Bears say
SmartRent Inc. reported a significant contraction in its operational performance, deploying only 22.5k new units in the latest quarter—its lowest figure since the pandemic's impact in Q2 2020—and experiencing a sequential decline in gross margins to 35.7%. The company has withdrawn its guidance for the remainder of the year, contributing to shareholder uncertainty, particularly as large customers have delayed their deployments until 2025. Additionally, a noteworthy 9.1% year-over-year decline in revenue was largely due to steep declines in both hardware and professional services revenue, further exacerbating concerns related to potential economic downturns and heightened competition.
This aggregate rating is based on analysts' research of SmartRent and is not a guaranteed prediction by Public.com or investment advice.
SmartRent (SMRT) Analyst Forecast & Price Prediction
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