As previously reported, Craig-Hallum upgraded Intellicheck (IDN) to Buy from Hold with a $6 price target following the announcement of a $3M ACV win on a base of $20M in FY24 revenue. The firm sees good visibility to 20%-plus growth by year end 2026, with this relatively unknown name likely working higher as accelerating growth over the next year and very high incremental margins play out. Momentum in Title and Auto are also increasing, and a global social media customer has recently completed integration. Craig-Hallum says that while retail has been a headwind, any improvement in conditions/scan volumes could not only significantly improve year-over-year compares but the current depressed scan volumes could turn into a coiled spring in out-years.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IDN:
- Intellicheck upgraded to Buy from Hold at Craig-Hallum
- Intellicheck price target raised to $6 from $4 at H.C. Wainwright
- DA Davidson upgrades Intellicheck with growth acceleration ‘now in sight’
- Intellicheck upgraded to Buy from Neutral at DA Davidson
- Intellicheck reports three-year, seven-figure agreement with financial customer