Flotek initiated with a Buy at Lake Street

Lake Street initiated coverage of Flotek (FTK) with a Buy rating and $25 price target Flotek is in the early innings of a strategic reset to focus on high-value, data-driven measurement services products for the energy industry and early results are “encouraging,” the analyst tells investors. The firm expects about a 20% compound annual growth rate in the Data Analytics segment for the next several years as new products certified or acquired in 2025 start to gain traction, the analyst added.