US stock futures inch lower after Wall St marks fresh records on tech gains
Investing.com - DA Davidson has reduced its price target on Matrix Service Company (NASDAQ:MTRX) to $17.00 from $18.00 while maintaining a Buy rating on the stock. The stock, currently trading at $12.27, has declined over 16% in the past week, though InvestingPro data shows it remains undervalued based on its Fair Value analysis.
The price target adjustment follows Matrix Service’s fourth-quarter fiscal results, which triggered a decline in the company’s share price.
Despite the lowered target, DA Davidson highlighted several positive factors for the industrial services company, including its net cash position and improving revenue volume.
The firm also noted future bookings prospects associated with power development as potential positives for Matrix Service going forward.
DA Davidson acknowledged that Matrix Service’s "progress toward profitability has not been linear," but stated it still sees "enough opportunities to catalyze the stock" from its current position.
In other recent news, Matrix Service Company reported its financial results for Q4 2025, which fell short of analyst expectations. The company announced an earnings per share (EPS) of -$0.28, significantly below the projected $0.33. Additionally, Matrix Service Company reported revenue of $216.4 million, missing the forecasted $286.3 million. These results have raised concerns among investors about the company’s current performance. Despite the disappointing earnings, there have been no recent updates regarding any mergers or acquisitions involving the company. Similarly, there has been no news of any analyst upgrades or downgrades from major firms following the earnings report. Investors are closely monitoring Matrix Service Company for any further developments.
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