Intel stock spikes after report of possible US government stake
Investing.com - DA Davidson raised its price target on Intellicheck Inc. (NASDAQ:IDN) to $6.50 from $5.50 on Wednesday, maintaining a Buy rating on the identity verification company. The stock, currently trading at $5.03, has delivered an impressive 125% return over the past year, according to InvestingPro data.
The firm cited Intellicheck’s Q2 results, which exceeded expectations for both revenue and EBITDA. SaaS revenue growth improved to 10% year-over-year, compared to 6% growth in the previous quarter. The company maintains exceptional gross profit margins of 90.6%, as revealed by InvestingPro analysis.
Banking and lending represented approximately 38% of Q2 revenue and grew 85% year-over-year, which more than offset the retail segment’s 20% year-over-year decline. The retail segment accounted for about 25% of Q2 revenue.
DA Davidson noted that the increased banking and lending mix, combined with a new three-year, high seven-figure total contract value deal signed with a southeastern regional bank in May, should lead to continued growth acceleration in the near term.
The firm also highlighted Intellicheck’s strong cost discipline, which resulted in incremental EBITDA margins of 40% quarter-over-quarter and 32% year-over-year.
In other recent news, Intellicheck reported its Q2 2025 earnings, showcasing a slight earnings per share (EPS) beat and stronger-than-expected revenue. The company’s EPS was -$0.01, surpassing the forecast of -$0.02, resulting in a 50% surprise. Revenue reached $5.12 million, exceeding the forecast of $5.01 million by 2.2%. This performance highlights Intellicheck’s ability to exceed analyst expectations in both earnings and revenue. There were no reports of mergers or acquisitions in the recent announcements. Additionally, there were no analyst upgrades or downgrades mentioned in the recent reports. These developments reflect Intellicheck’s current financial health and market activity.
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