inTEST weakness should be used to accumulate, says Lake Street

Lake Street analyst Jaeson Schmidt notes that inTEST reported revenue and EPS better than estimates for the third consecutive quarter and advocates using any weakness in the stock following the print to be accumulating shares. While noting its lower EPS estimates primarily reflect an increase in shares from the executed ATM, the firm thinks inTEST “continues to illustrate the sustainability of the top line tailwinds and its ability to drive solid execution,” added the analyst, who reiterates a Buy rating and $26 price target on the shares.