In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Identiv (INVE), with a price target of $11. The company’s shares closed on Friday at $4.68.
Latimore wrote:
“We attended ISC West last week. At the physical security show, INVE highlighted its leading open, IoT-centric architecture and products. A recent study indicated 23% of physical access tech decisions are made by IT professionals now, up from 5% two years ago. Identiv is perfectly positioned for that trend. Identiv’s presence at ISC West was also more prominent this year than last. We believe business trends are very healthy for INVE and would buy INVE ahead of earnings.”
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.6% and a 59.2% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Brightcove Inc, and Everbridge Inc.
Identiv has an analyst consensus of Moderate Buy, with a price target consensus of $10.
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The company has a one-year high of $6.87 and a one-year low of $3.27. Currently, Identiv has an average volume of 25.72K.
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Identiv, Inc. engages in the provision of physical security and secure identification products. It operates through the Premises and Identity segments.
