DA Davidson upgraded Intellicheck (IDN) to Purchase from Impartial with a value goal of $5.50, up from $3, after the corporate introduced a brand new contract enlargement with a Southeast regional financial institution with a low seven-figure preliminary annual contract worth and a “very excessive” seven-figure complete contract worth over three years. The extra contracted income is predicted to start flowing in Q3, notes the analyst, who’s elevating calendar yr 2025 and 2026 development estimates by 2 factors and 6 factors, respectively, following the contract announcement.
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