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.


