Dynatronics price target adjusted to $20 for stock split at Lake Street

Lake Street analyst Brooks O’Neil adjusted the firm’s price target on Dynatronics to $20 from $4 to reflect the recent 1:5 reverse stock split and keeps a Buy rating on the shares after the company reported Q2 results. While a 12c EPS miss "seems like a big number," Lake Street believes management did a good job driving growth and controlling expenses given the challenging environment and argues that Dynatronics "has a clear line of sight to profitability."