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Barclays has upgraded ADT Inc. to an Equalweight rating from Underweight, raising its price target to $9 from $7. ADT provides security and smart home solutions for residential and small business customers in the U.S., operating through two segments: Consumer and Small Business, and Solar. The company offers a range of services, including security systems, smart home automation, and solar energy solutions.
Barclays has upgraded ADT's stock rating from Underweight to Equalweight, raising the price target to $9 from $7, citing strong momentum and strategic clarity. The company reported a 5% revenue increase to $4.9 billion and a 25% rise in adjusted net income to $685 million for fiscal year 2024. ADT also enhanced shareholder value with a 57% dividend boost and a $350 million stock buyback program, while improving its financial leverage from 4.7 to 2.9 times.
The global safes and vaults market is projected to grow by USD 1.57 billion from 2024 to 2028, driven primarily by increasing demand from the healthcare sector and a shift towards customized security solutions. The market is expected to expand at a CAGR of over 5.34%, despite challenges posed by the rise of cashless transactions. Key players include Access Security Products, ADT Inc., and Godrej and Boyce, with trends highlighting the adoption of electronic and biometric safes for enhanced security in both commercial and residential settings.
ADT Inc.
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barclays upgrades adt to equalweight and raises price target to nine dollars
14:18 04.04.2025
Barclays upgrades ADT stock rating and raises price target to nine dollars
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10:51 04.04.2025
global safes and vaults market projected to grow by 1.57 billion dollars
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