inTEST (INTT – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Jaeson Schmidt from Lake Street reiterated a Buy rating on the stock and has a $10.00 price target.
Jaeson Schmidt has given his Buy rating due to a combination of factors that highlight inTEST’s promising growth trajectory. The company’s VISION 2030 strategy outlines a robust roadmap for expansion, with organic growth projections that may be conservative, suggesting potential for exceeding expectations. The management’s approach to acquisitions is strategic, aiming to enhance market presence and integrate new entities effectively, which is expected to contribute significantly to future growth.
Despite current macroeconomic challenges, Schmidt believes that the first quarter represents a low point, with anticipated improvements as the year progresses. The stock’s valuation, trading at less than one times the projected 2025 revenue, coupled with a share buyback program and favorable year-over-year comparisons in the latter half of 2025, presents an attractive risk/reward scenario. These factors underpin the Buy rating and the $10 price target, reflecting confidence in the company’s ability to achieve its ambitious goals.
According to TipRanks, Schmidt is a 5-star analyst with an average return of 14.4% and a 43.73% success rate. Schmidt covers the Technology sector, focusing on stocks such as BlackSky Technology, Identiv, and Lantronix.