Lake Street Capital Markets Analyst Eric Martinuzzi initiated coverage of Smith Micro Software, Inc. with a BUY rating and price target of $7 (SMSI $3.92). Smith Micro Software, Inc. develops and sells software to enhance the mobile experience to wireless and cable service providers worldwide. The company provides SafePath Family, a platform that provides family real time location, protection, and parental control services; and SafePath Internet of Things, a platform that enables mobile service providers to deliver a connected digital life experience through child and elderly wearable locators, pet trackers, car trackers, and connected home security devices.
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