Lake Street cuts target to USD 17 for RF Industries stock

Published on 10/20/2026 at 22:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RF Industries posted USD 23.96 million in fiscal third-quarter sales. RF Industries stock costs EUR 6.40 at Lang & Schwarz on October 20, 2026.

Target and quarterly sales

Lake Street cut its RF Industries target from USD 19.00 to USD 17.00 on September 15, 2026.
Fiscal third-quarter revenue reached USD 23.96 million, up 21.00 percent year over year.
RF Industries stock costs EUR 6.40 at Lang & Schwarz on October 20, 2026 at 9:51 p.m. CEST.

RFIL, US7495521053, Illustration mit AI erstellt.

RF Industries (ISIN US7495521053) faced a Lake Street target cut from USD 19.00 to USD 17.00 dated September 15, 2026, as reported by MarketBeat. At Lang & Schwarz, the stock was trading at EUR 6.40 on October 20, 2026 at 9:51 p.m. CEST.

Revenue growth sets the baseline

RF Industries reported USD 23.96 million in revenue for fiscal third quarter 2026, up 21.00 percent from the year-earlier quarter ended July 31, 2026. Yahoo Finance reported operating income of USD 1.8 million, versus USD 720,000 a year earlier, while gross margin rose to 35.60 percent from 34.00 percent.

The sales increase was paired with quarterly bookings of USD 22.5 million and a backlog of USD 18.6 million at July 31. The backlog later reached USD 19.8 million on September 14, a USD 1.2 million increase that supports near-term revenue visibility, but bookings still trailed quarterly sales.

RF Industries stock stays below its high

RFIL traded at USD 7.12 on the Nasdaq at 3:59 p.m. ET on October 20, 2026, with a 52-week range of USD 5.54 to USD 22.30. Its market capitalization was USD 77.3 million on the same date, and the price-to-earnings ratio was 34.50.

The euro quotation and the US listing serve different investor perspectives. The Lang & Schwarz price stood below the US quote because the two venues use different currencies and trading conditions, so the figures are not combined into one daily performance measure.

Margins and order replacement matter

RF Industries' fiscal third-quarter operating profit was USD 1.76 million, compared with USD 1.10 million in fiscal second quarter 2026. Operating cash flow was USD 1.61 million for the quarter ended July 31, 2026, after negative operating cash flow of USD 914,000 in the prior quarter.

The investor-relations page lists the fiscal third-quarter 2026 earnings call on September 14, 2026, alongside the company's shareholder materials. The period figures place the market's attention on whether new bookings can replenish revenue while the higher-margin product mix remains in place.

What the target reset changes

Lake Street's USD 17.00 target remains more than twice the October 20 Nasdaq price of USD 7.12, while B. Riley's separate target was USD 12.00 after a cut from USD 15.00 on September 15, 2026, according to MarketBeat. The differing targets underline the importance of execution rather than the headline revenue increase alone.

Trading levels remain the daily frame

RF Industries stock was trading at EUR 6.40 at Lang & Schwarz on October 20, 2026 at 9:51 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of RF Industries stock.