Intellicheck price target raised to $5 from $4 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck raised the firm’s price target on Intellicheck to $5 from $4 and keeps a Buy rating on the shares post the Q2 revenue beat. The analyst says the company’s expansion to new markets and improved pricing drive optimism for 2024. The firm recommends investors use the current “dislocation” between Intellicheck’s valuation and operating performance to accumulate a position.