SmartRent, Inc. (SMRT) Regains Compliance with New York Stock Exchange's Minimum Share Price Requirement; KBW Reduces PT From $1.60 to $1.30

SmartRent, Inc. (NYSE:SMRT) is included in our list of the 10 Best AI Stocks to Buy Under $3.

SmartRent, Inc. (NYSE:SMRT)’s year so far is marked by volatility, strategic shifts, and cautious optimism.

In March 2025, KBW reduced its price target on SmartRent, Inc. (NYSE:SMRT) from $2.00 to $1.60. This price revision followed weak Q4 results, where the company reported a wider-than-expected adjusted EBITDA loss of $7.4 million due to hardware revenue and margin declines. Roughly two months later, in May, KBW further lowered the target to $1.30 due to limited forward guidance.

Meanwhile, on July 4, 2025, SmartRent, Inc. (NYSE:SMRT) achieved a key milestone. The company regained compliance with the New York Stock Exchange’s minimum share price requirement, bolstering investor sentiment.

While analysts remain cautious on SmartRent, Inc. (NYSE:SMRT) in the short term, they remain optimistic about the company’s long-term outlook due to its robust liquidity, focus on cost discipline, and strategic developments within AI-powered operations.

With its integrated hardware and cloud-based platforms, SmartRent, Inc. (NYSE:SMRT) offers AI-enabled smart building solutions and management software. It is included in our list of the best AI stocks.

While we acknowledge the potential of SMRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.