Identiv price target lowered to $6 from $7 at Lake Street

Lake Street lowered the firm’s price target on Identiv (INVE) to $6 from $7 and keeps a Buy rating on the shares. Identiv reported revenue, AEBITDA, and EPS above estimates, notes the firm, which views the results and guidance as being largely in line when accounting for an order that the company notes was pulled into Q4 from Q1. The firm believes 2025 will be a transition year from a growth perspective, but thinks the current negative enterprise value presents “an attractive risk/reward opportunity for those investors who can exercise some patience.”