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Investing.com - DA Davidson raised its price target on Intellicheck Inc. (NASDAQ:IDN) to $7.50 from $6.50 on Thursday, while maintaining a Buy rating on the identity verification company following its third-quarter results. The new target represents potential upside from Intellicheck’s current price of $6.88, which has already surged 53% above its 52-week low of $2.17.
Intellicheck shares indicated a 14% increase in after-hours trading after the company reported better-than-expected revenue and EBITDA for the third quarter. SaaS revenue growth accelerated to 26% year-over-year, compared to 10% in the previous quarter. The stock has demonstrated remarkable momentum with a 60% year-to-date return and a 66% gain over the past 12 months, according to InvestingPro data, which also identifies the stock as trading near its 52-week high.
Banking and lending services represented approximately 50% of Intellicheck’s third-quarter revenue and grew about 80% year-over-year, slightly down from 85% growth in the previous quarter. This strong performance more than offset weakness in retail, which accounted for roughly 30% of revenue and declined 5% year-over-year, an improvement from the 20% drop in the previous quarter. Intellicheck maintains impressive gross profit margins of 90.4%, highlighting the efficiency of its business model.
The company demonstrated strong leverage in its business model with incremental EBITDA margins of approximately 62% quarter-over-quarter and 61% year-over-year. Customer expansions and rollouts were highlighted as key themes during the earnings call. With a healthy current ratio of 2.4, Intellicheck’s liquid assets comfortably exceed its short-term obligations, providing financial flexibility to support its growth initiatives.
DA Davidson noted it continues to see upside potential compared to its newly revised estimates for calendar years 2025 and 2026, supporting the decision to raise the price target while maintaining the Buy rating. While the company wasn’t profitable over the last twelve months, analysts tracked by InvestingPro predict Intellicheck will turn profitable this year with a forecasted EPS of $0.04. Despite the positive outlook, InvestingPro’s Fair Value assessment suggests the stock may be currently overvalued after its recent rally. Investors can access Intellicheck’s comprehensive Pro Research Report and discover 11 more ProTips about this company through InvestingPro’s in-depth analysis tools.
In other recent news, Intellicheck Mobilisa Inc. reported financial results for the third quarter of 2025 that exceeded expectations. The company achieved revenue of $6.01 million, surpassing the anticipated $5.25 million. Additionally, earnings per share (EPS) showed a marked improvement, coming in at $0.01 compared to the forecasted loss of $0.02 per share. These results reflect a positive performance for the quarter. Analyst firms have not provided upgrades or downgrades in this report. Intellicheck’s recent earnings announcement highlights its ability to outperform revenue and earnings projections. These developments are significant for investors evaluating the company’s financial health.
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