Craig-Hallum Upgrades Intellicheck Inc. (IDN) to Buy

Craig-Hallum analyst Jeff Van Rhee upgraded Intellicheck Inc. (NASDAQ: IDN) from Hold to Buy with a price target of $6.00.

The analyst comments "Intellicheck announced they closed a key transaction that’s been in the works for a few years. The deal was noted to be upper single digit 7-figures in TCV, with a three year life. The bank located in the Southeastern US is deploying IDN to all tellers for customer identification for a broad range of use cases. Revenue will likely impact Q3 somewhat and then ramp quarterly going forward. IDN has long had best in class authentication solutions, but has struggled to find their rhythm on go to market. This win has been working through procurement for a few years, with many losing sight of it. Closure is a big deal in many ways. We are putting in a very conservative first cut for revenue impact in ’26 ($1.1M) while reality should be closer to $2.5M. That said, revenue growth in ’26 is now 13% in our model (vs 9% y/y prior) and we would not be surprised to see the year end at 20%+. With the optics of this acceleration in ’26, a very accomplished new sales leader just joining, momentum in the emerging segments, pending potential with the large social media customer, and notably improved traction in the channel, we see numbers and shares headed higher. We are upgrading IDN shares to Buy."

For an analyst ratings summary and ratings history on Intellicheck Inc. click here. For more ratings news on Intellicheck Inc. click here.

Shares of Intellicheck Inc. closed at $3.96 yesterday.

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