Interlink Electronics (NASDAQ: LINK) has received a positive upgrade from Wall Street Zen, moving its rating from “hold” to “buy.” This change comes in the wake of a series of evaluations by various analysts, reflecting a renewed interest in the company’s stock performance.
Analyst Ratings and Target Price Adjustments
On September 9, 2023, Lake Street Capital increased its target price for Interlink Electronics from $6.67 to $8.67, assigning the stock a “buy” rating. In contrast, Weiss Ratings issued a “sell (d-)” rating on October 8, 2023, indicating diverging opinions on the company’s future performance. Currently, one investment analyst has assigned a buy rating, while another has rated it as a sell.
According to data from MarketBeat, the overall consensus rating for Interlink Electronics is “hold,” with an average target price set at $8.67. This mixed feedback illustrates the varying perspectives on the company’s potential in the current market.
Recent Earnings Report
On November 12, 2023, Interlink Electronics reported its quarterly earnings, posting a net loss of $0.03 per share, aligning with analysts’ expectations. The company generated revenue of $2.96 million, which fell short of the anticipated $3.10 million. This earnings report has contributed to the current volatility surrounding the stock.
In the wake of these developments, institutional investors have been actively adjusting their positions in Interlink Electronics. Notably, Wexford Capital LP acquired a new stake valued at approximately $38,000 during the third quarter, while Bartlett & CO. Wealth Management LLC invested about $61,000. Additionally, CreativeOne Wealth LLC made a substantial investment, purchasing shares worth $510,000.
Interlink Electronics specializes in developing and manufacturing force-sensing technologies that integrate proprietary materials technology, firmware, and software. Its products are utilized in various applications across the United States, Europe, Asia, and the Middle East, reflecting the company’s international reach.
As market dynamics continue to evolve, stakeholders are keenly observing how these ratings and recent financial results will impact Interlink Electronics moving forward. Investors and analysts alike are awaiting further developments that could influence the company’s trajectory in the technology sector.
