On June 17, 2025, Northland Capital Markets initiated coverage on Flotek Industries (FTK, Financial), providing a "Market Perform" rating, signaling a steady outlook for the company. Analyst Jeff Grampp is leading the coverage, highlighting the company's current performance metrics and strategic outlook.
Northland Capital Markets announced a price target of $16.00 USD for Flotek Industries (FTK, Financial). This price target reflects the analyst's assessment of the company's value based on various market conditions and the company's financial projections.
This initiation of coverage and the corresponding price target are important indicators for investors monitoring Flotek Industries (FTK, Financial), as it provides insights into the company's anticipated market performance. The rating of "Market Perform" suggests that Flotek Industries' stock is expected to achieve returns comparable to the broader market over the next year.
Investors are encouraged to consider this newly announced data point in their decision-making processes regarding Flotek Industries (FTK, Financial). The analysis and forecast serve as valuable tools for understanding the potential trajectory and market sentiment surrounding the company's stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Flotek Industries Inc (FTK, Financial) is $17.00 with a high estimate of $19.00 and a low estimate of $15.00. The average target implies an upside of 9.18% from the current price of $15.57. More detailed estimate data can be found on the Flotek Industries Inc (FTK) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Flotek Industries Inc's (FTK, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Flotek Industries Inc (FTK, Financial) in one year is $5.57, suggesting a downside of 64.23% from the current price of $15.57. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Flotek Industries Inc (FTK) Summary page.
