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Investing.com - Lake Street Capital Markets assumed coverage on inTEST Corp. (NYSE:INTT) with a Buy rating and a price target of $8.00 on Monday. The target represents a modest upside from the current price of $7.25, though some analysts see potential upside to $12.00, according to InvestingPro data.
The research firm made this announcement after hosting inTEST at its 9th Annual Lake Street Best Ideas Growth Conference in New York City last week.
Lake Street expressed bullishness about inTEST’s long-term growth opportunities despite acknowledging current challenges facing the company, including high interest rates, cyclical softness in the semiconductor industry, and vertical-specific supply chain friction.
The firm believes inTEST will maintain strong profitability throughout these challenging market conditions.
inTEST Corp. provides test and process solutions for manufacturing and testing across various markets including semiconductor, automotive, and telecommunications industries.
In other recent news, InTest Corporation reported its Q2 2025 earnings, exceeding expectations with an adjusted earnings per share (EPS) of $0.03, compared to an anticipated loss of $0.03. The company’s revenue reached $28.1 million, slightly above the forecasted $28 million. These results mark a positive development for the company, as they managed to outperform analyst projections. The better-than-expected earnings and revenue figures are crucial highlights for investors. Additionally, the company’s performance in this quarter has drawn attention from analysts, although no specific upgrades or downgrades were mentioned in the reports. These recent developments provide a factual overview of InTest Corporation’s financial standing.
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