Intellicheck shares surge 10.38% intraday after H.C. Wainwright raises price target to $8.50 on strategic pivot and strong Q3 results.

Intellicheck Inc. (NASDAQ:IDN) surged 10.38% intraday following H.C. Wainwright’s upgraded price target to $8.50 from $6.00, alongside a Buy rating, citing the company’s strategic pivot to higher-value sectors like banking and automotive, which offset retail segment declines and drove 14.0% revenue growth in the first nine months of 2025. Strong third-quarter results, including $6.01 million in revenue (28% YoY) and improved adjusted EBITDA, further reinforced optimism, prompting Northland and DA Davidson to raise their price targets to $7.00 and $7.50, respectively. Analysts highlighted a pending six-figure revenue contract and robust SaaS growth (26% YoY) as key drivers of upside potential, aligning with the stock’s intraday rally.