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inTest Stock Climbs on Northland Upgrade, Raised Revenue Outlook
Shares of inTest Corporation (INTT) gained 1.7% in pre-market trading after the company received a ratings upgrade from investment firm Northland and raised its full-year revenue guidance.
Analyst Upgrade and Outlook
Northland upgraded inTest shares to "outperform" from a previous "market perform" rating, setting a new price target of $15.00, according to an Investing.com report. The target represents significant potential upside from the stock's prior closing price of $12.35.
The analyst action followed a preliminary second-quarter results announcement from inTest on July 31. The company projected Q2 revenue of approximately $35 million and lifted its full-year 2026 revenue outlook to a range of $135 million to $140 million, attributing the increase to strengthening demand across its end markets.
Gross Margin Revision
While the revenue news was positive, the company's preliminary release also noted a downward revision to its previously reported first-quarter 2026 gross margin by 220 basis points. However, inTest management stated that no amendment of previously filed financial reports would be required.
AdThis revision tempered some investor enthusiasm but did not overshadow the positive revenue trajectory. Following the Northland upgrade, inTest now has two buy-equivalent ratings and one hold rating from analysts, with no sell ratings on the stock.
Market Context
Broader market strength provided an additional tailwind for the stock, with major U.S. indices trading higher. During the pre-market session, inTest shares traded as high as $12.97.
This price remains well below the stock's 52-week high of $20.00 but marks a notable recovery from its 52-week low of $6.63. The combination of the analyst upgrade, improved company guidance, and a supportive market environment contributed to the stock's advance.
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