Baird upgrades Lyntris to Outperform and sets $18 price target after Q3 2026 earnings beat
Baird raised Lyntris (LYNX) to an Outperform rating from Neutral and kept a $18 price target, citing the company's 90% year‑over‑year revenue surge in the third quarter of 2026. The quarter delivered $194.43 million of revenue, GAAP EPS of $0.03 and adjusted EPS of $0.15, with free cash flow of $79 million. Management highlighted a backlog of just over $1 billion, driven by strong demand in air‑missile defense and space communications.
Why it matters
The upgrade and $18 target suggest a potential upside of about 92% from the recent close of $9.39, according to Baird. The strong earnings beat and expanding backlog improve Lyntris' visibility for 2027 revenue and margin growth, which may attract further investor interest.
Key facts
- 1Baird upgraded Lyntris to Outperform from Neutral. investing.com
- 2Baird set a price target of $18 for Lyntris. investing.com
- 3Q3 2026 revenue was $194.43 million, up 90.4% YoY. tradingview.com
- 4GAAP diluted EPS for Q3 2026 was $0.03. seekingalpha.com
- 5Adjusted EPS for Q3 2026 was $0.15 per share. investing.com
- 6Free cash flow in the quarter was $79 million. investing.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.