Sept 23-
Arlo relationship with Walmart not fully realized, says BWS Financial ARLO, WMT BWS Financial analyst Hamed Khorsand believes the market is not fully realizing Arlo Technologies' relationship with Walmart (WMT). Investors are either reading yesterday's Essential news as another product release announcement or assuming Walmart was already a large customer, Khorsand tells investors in a research note. Walmart has been selling Arlo products on a regular basis but has never been a 10% customer, nor has the company ever had a product specific to them, says the analyst. Khorsand speculates on a relationship where Walmart has an exclusive product, bringing about greater market share and revenue for Arlo. The analyst keeps a Buy rating on Arlo Technologies with an $8 price target.
Arlo relationship with Walmart not fully realized, says BWS Financial ARLO, WMT BWS Financial analyst Hamed Khorsand believes the market is not fully realizing Arlo Technologies' relationship with Walmart (WMT). Investors are either reading yesterday's Essential news as another product release announcement or assuming Walmart was already a large customer, Khorsand tells investors in a research note. Walmart has been selling Arlo products on a regular basis but has never been a 10% customer, nor has the company ever had a product specific to them, says the analyst. Khorsand speculates on a relationship where Walmart has an exclusive product, bringing about greater market share and revenue for Arlo. The analyst keeps a Buy rating on Arlo Technologies with an $8 price target.