Lsi Industries, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst George Gianarikas from Canaccord Genuity maintained a Buy rating on the stock and has a $25.00 price target.
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George Gianarikas has given his Buy rating due to a combination of factors including LSI Industries’ strong financial performance and strategic positioning in the market. The company reported robust first-quarter results for fiscal year 2026, with significant year-over-year sales growth driven by increased project activity in both its Lighting and Display Solutions segments. This growth was further supported by heightened demand in the refueling/c-store and grocery verticals.
Moreover, LSI Industries is gaining market share as its purpose-built products outperform competitors, aided by its domestic production capabilities and efficient delivery. The company has successfully converted multiple end customer accounts and capitalized on competitors’ delivery issues. Additionally, the analyst appreciates LSI’s management for their consistent execution and long-term growth strategies, which include prudent capital allocation and a thoughtful approach to mergers and acquisitions. These factors contribute to the confidence in LSI’s ability to reward long-term shareholders, justifying the Buy rating and a price target of $25.
In another report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $30.00 price target.
LYTS’s price has also changed moderately for the past six months – from $15.480 to $20.650, which is a 33.40% increase.