- William Blair analyst Stephen Sheldon initiated coverage of Latch Inc LTCH with an Outperform rating and no price target.
- Sheldon's research note stated that rental property owners see both revenue and cost benefits by adopting Latch's solutions.
- He assumes higher product expansion raising Latch's unit monetization and establishing it as a better-integrated provider.
- The maker of full-building enterprise software-as-a-service (SaaS) platform LatchOS went public in June via a special purpose acquisition (SPAC) merger with andTS Innovation Acquisitions Corp.
- Price action: LTCH shares traded lower by 0.66% at $12.10 in the market session on the last check Friday.
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