AlphAIAlphAI — Financial news for AI agents
investing.comOCT 132 min read$SMRT

B.Riley initiates SmartRent stock coverage with buy rating

B.Riley initiated coverage on SmartRent Inc. (NYSE: SMRT) with a Buy rating and $1.75 price target, implying 52% upside. The company reported 14% core revenue growth in Q2 2026, positive EBITDA for three quarters, and trades at 0.8x 2027 EV/sales. SmartRent has $40M revenue, $6M net loss, and $65M annual recurring revenue. Analysts see it as undervalued but not profitable this year.

Original reporting
investing.com
Published Oct 13, 2026, 1:17 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 13, 2026, 1:45 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefEarnings
Primary signal
$SMRT
Bullish
high confidence
Mentioned
$SMRT
Relevance
6/10
AlphAI data visualization · based on investing.com
Decision brief

The 30-second read

$SMRTBullishMed
01

Why it matters

The new coverage and earnings beat suggest a short‑term rally potential.

02

Market read

Micro‑cap earnings and analyst upgrade may drive modest price movement.

03

What to watch

Cash balance covers only 40% of market cap; future profitability remains uncertain.

Relevance 6/10Novelty 6/10Timing: pre‑market today

Background

SmartRent provides smart‑home technology for rental housing and recently reported Q2 2026 results.

Company-level read

Ticker impact

$SMRTBullishHigh confidence
Context

B.Riley initiated coverage on SmartRent with a Buy rating and disclosed Q2 2026 earnings showing revenue growth and positive EBITDA.

Expected impact

upward pressure as the market prices in the buy rating and price target.

Evidence & confidence

The coverage initiation and fresh earnings numbers provide a concrete catalyst for price appreciation.

Market effects

Sector

Positive earnings may lift other smart‑home and IoT rental housing providers.

Regional

Limited to US small‑cap tech sector.

Global

Low global relevance.

Counterpoint

What could challenge this read

The company still reports a net loss and may face margin pressure despite the buy rating.

Key entities

  • company
    SmartRent Inc.

    U.S. smart‑home technology provider for rental housing.

  • analyst
    B.Riley

    Initiated coverage with a Buy rating.

Read at source← All news

Related articles

AUG 16
$SMRTMedAI 8/10

SmartRent (SMRT) Q2 2026 Earnings Call Transcript

SmartRent (SMRT) reported Q2 2026 revenue of $39.8 million, up 4%, with core revenue $38.4 million up 14%. SaaS revenue rose to $16.1 million (+13%) and ARR to $64.5 million (+13%). Units booked were 112,560 TTM (+40%). Gross margin was 40.7% and adjusted EBITDA $0.7 million. Net loss improved to $5.6 million. Management cited Vision 2028 progress and a Databricks collaboration.

aol.com9 min
AUG 12
$SMRTMedAI 8/10

SmartRent (SMRT) Q2 2026 Earnings Call Transcript

SmartRent (SMRT) reported Q2 2026 results in an earnings call transcript. Core revenue rose 14% to $38M, total revenue was $40M (+4%). SaaS revenue grew 13% to $16M and represented over 40% of revenue. ARR increased to about $65M from $57M. Gross margin rose to 41% (+760 bps). The company repurchased 1.5% of shares and expanded authorization to $25M.

yahoo.com7 min
AUG 5
$SMRTMed

SmartRent (NYSE:SMRT) Beats Q2 CY2026 Sales Expectations

SmartRent (NYSE:SMRT) reported Q2 CY2026 revenue of $39.84 million, up 4% year on year, beating analysts’ expectations by 0.6%. GAAP EPS was -$0.03, matching consensus. The company reported ARR of $64.5 million. Analysts forecast revenue growth of 21.3% over the next 12 months. Shares rose 1.4% to $1.07 after results.

financialcontent.com6 min
AUG 5
$SMRTMed

SmartRent Reports Second Quarter 2026 Financial Results

SmartRent, Inc. (SMRT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 SmartRent Reports Second Quarter 2026 Financial Results Accelerating Revenue Growth Trend Supports March to One Million Installed Units Improving Profitability Powers Investment in Growth and Capital Returns Phoenix, Ariz., August 5, 2026 – (BUSINESS WIRE) – SmartRen

SEC EDGAR 8-K6 min
OCT 21
$CMEHighAI 9/10

CME (CME) Q3 2026 Earnings Call Transcript

CME Group reported Q3 2026 revenue of $1.7B, up 13% YoY, with record market data revenue of $243M. International volume reached 9M contracts/day, up 22% YoY. New products were launched, and cloud migration progress was shared. Adjusted EPS was $3.02, up 13% YoY. The company returned $1B to shareholders. Compute Futures progress depends on CFTC approval.

finance.yahoo.com2 min