Gold prices just lower; monthly gains on track
Investing.com - Lake Street Capital Markets initiated coverage on Interlink Electronics (NASDAQ:LINK) with a Buy rating and a $10.00 price target on Tuesday. The stock, currently trading at $7.68, has shown remarkable momentum with a 92% return over the past year, according to InvestingPro data.
The research firm based its price target on a price-to-sales multiple of 7x using its 2026 revenue estimate of $14.3 million for the company.
Lake Street noted it compiled a list of small cap and micro cap names in and around the broader IoT and mobile markets for comparison, as there is "no perfect public company group" for Interlink Electronics.
The firm expressed confidence that Interlink shares can move higher as the company’s top line continues to rebound and gross margins trend upward.
Lake Street also highlighted that it is currently the only research firm covering Interlink Electronics, suggesting that increased visibility could help the company’s valuation.
In other recent news, Interlink Electronics, Inc. held its 2025 annual meeting of stockholders, where several key decisions were made. Stockholders elected Steven N. Bronson, Joy C. Hou, David J. Wolenski, and Maria N. Fregosi as directors, who will serve until the 2026 annual meeting or until their successors are elected and qualified. Additionally, shareholders approved the compensation of the company’s executive officers, with a significant majority voting in favor. The meeting also ratified the selection of LMHS, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025. These developments were part of a recent 8-K filing with the Securities and Exchange Commission, providing transparency on the company’s governance and financial oversight. The meeting saw participation from holders of 9,438,915 shares, representing 95.69% of the total shares entitled to vote.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.