Lake Street Analyst Maintains Buy Rating on inTEST with $10 Price Target

inTEST (INTT) has received a Buy rating from Lake Street analyst Jaeson Schmidt, with a price target of $10.00. The current analyst consensus is a Hold with an average price target of $7.50. INTT's market cap is $86.58M and has a P/E ratio of -761.54. Corporate insider sentiment is positive, with 22 insiders buying their shares over the past quarter.

InTest Corporation (INTT), a global supplier of innovative test and process technology solutions, has reported significant improvements in its financial performance for the second quarter of 2025. The company's orders increased by 6% year-over-year, reflecting strength in the auto/EV and life sciences markets, driven by Alfamation. Sequentially, orders grew by $2.4 million as demand increased across all markets except the semiconductor market.

Revenue for the second quarter was $28.1 million, a 6% increase from the first quarter and a 5.6% increase from the prior-year period. Gross profit improved to $11.973 million, representing a 42.6% gross margin, a 200-basis point improvement compared to the prior-year period. Operating expenses decreased to $12.900 million, a 4.2% decrease from the prior-year period.

The company's net loss for the quarter was $0.5 million, or $(0.04) per diluted share, compared to a net loss of $2.329 million in the prior-year period. Adjusted EBITDA was $1.3 million, reflecting the company's efforts to control costs and improve its financial position.

InTest's balance sheet shows a reduction in total debt by $1.7 million to $10.1 million, and cash and cash equivalents at the end of the second quarter were $19.2 million, down $2.8 million from the end of the first quarter.

Analysts have responded positively to the company's performance. Lake Street analyst Jaeson Schmidt has given InTest a Buy rating with a price target of $10.00, while the current analyst consensus is a Hold with an average price target of $7.50. The company's market cap is $86.58M, and it has a P/E ratio of -761.54.

The company's outlook for the third quarter of 2025 is for revenue of $28 million to $30 million, with gross margin similar to the second quarter and operating expenses of $12.6 million to $13.1 million.

References:
[1] https://www.intest.com/news-releases/news-release-details/intest-reports-orders-improved-10-and-gross-margin-expanded-110