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Investing.com - H.C. Wainwright has reiterated its Buy rating and $6.00 price target on Intellicheck Inc. (NASDAQ:IDN), maintaining its positive outlook on the identity verification company. According to InvestingPro data, analyst consensus remains bullish with a 1.75 rating, while price targets range from $4.00 to $6.00.
Intellicheck shares have increased 75% since the company reported first-quarter 2025 results on May 13, 2025, significantly outperforming the Russell 2000 Index’s 8.5% gain during the same period. The stock’s impressive momentum is reflected in its year-to-date return of 87.5% and six-month gain of 81.66%, though InvestingPro analysis suggests the stock is currently trading above its Fair Value. The research firm believes favorable second-quarter 2025 results and outlook will be necessary to maintain these recent share gains.
In May, Intellicheck announced a contract with a Southeastern regional bank, which H.C. Wainwright views as setting a standard for larger customers in terms of capabilities and pricing. The firm expects this contract could potentially trigger additional large agreements over time.
The research firm notes Intellicheck has previously indicated meaningful progress in new verticals including mortgage title, background checks, and automotive sectors. These developments are expected to contribute to higher revenue expectations for the second half of 2025 and 2026.
H.C. Wainwright recommends investors continue accumulating IDN shares ahead of potential new contract announcements, anticipating double-digit revenue growth and improving profitability through the remainder of 2026.
In other recent news, Intellicheck Inc. reported mixed financial results for the first quarter of 2025. The company’s revenue reached $4.89 million, exceeding the forecasted $4.78 million, but the earnings per share (EPS) fell short, registering a loss of $0.02 compared to an expected loss of $0.01. In a significant development, Intellicheck announced a major contract with a Southeastern U.S. bank, valued in the upper single-digit millions over three years. This contract is expected to contribute to revenue growth starting in the third quarter. Following these announcements, Craig-Hallum upgraded Intellicheck’s stock from Hold to Buy, setting a new price target of $6.00, while H.C. Wainwright also raised its price target to $6.00, maintaining a Buy rating. DA Davidson upgraded Intellicheck’s stock rating to Buy, increasing their price target to $5.50, citing the new contract expansion. The company is also shifting its focus towards new verticals like mortgage title and automotive, which are anticipated to enhance revenue in the coming quarters. Despite challenges in the retail sector, where revenue declined by 26% year-over-year, Intellicheck’s Software (ETR:SOWGn) as a Service (SaaS) revenue grew by 6% year-over-year.
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