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Fly News Breaks for February 8, 2019
INTT
Feb 8, 2019 | 08:57 EDT
Lake Street analyst Jaeson Schmidt started inTEST with a Buy rating and $9 price target. The analyst believes investors do not fully appreciate how the company's 2017 acquisition of Ambrell increased its total addressable market, diversified revenue away from the more volatile semiconductor market, added scale, and positioned it for sustained growth. With a new annual addressable market of $620M, inTEST has a long runway for growth and should be able to achieve its long-term goal of $150M in revenue, Schmidt tells investors in a research note.
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