Lake Street Capital Initiates Coverage on Flotek Industries

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Lake Street Capital has initiated coverage on shares of Flotek Industries (NYSE:FTK), issuing a "buy" rating and a $25.00 price target on the stock. This target price suggests a potential upside of 46.93% from the stock's current trading price.

Why it matters

The new coverage and positive outlook from Lake Street Capital could generate increased investor interest and trading volume in Flotek Industries' stock. As an oilfield services provider, Flotek's performance is closely tied to activity levels in the energy sector, so this analyst endorsement may signal a bullish view on the company's future prospects.

The details

In their report, Lake Street Capital cited Flotek's innovative chemical technologies for the upstream energy sector as a key driver of the company's potential growth. Flotek develops, manufactures, and markets specialty drilling fluids, completion fluids, and production chemicals designed to enhance drilling efficiency, optimize well performance, and mitigate operational risks.

• Flotek Industries' stock opened at $17.02 on Thursday, January 29, 2026.

What they’re saying