B. Riley cuts target for RF Industries stock to USD 12.00

Published on 10/05/2026 at 00:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 23.96 million and margin 35.60 percent in fiscal third quarter 2026. Analysts set a USD 14.50 consensus target for RF Industries stock.

RFIL, US7495521053, Illustration mit AI erstellt.

RF Industries (US7495521053) faces a lower analyst target after B. Riley cut its price objective from USD 15.00 to USD 12.00 while keeping a Buy rating on September 15, 2026, according to MarketScreener. The move followed RF Industries' record fiscal third-quarter results, leaving execution and valuation as the central investor questions.

Revenue reaches a quarterly record

RF Industries reported USD 23.96 million of sales for the third quarter of fiscal 2026 ended July 31, 2026, up 21.00 percent from USD 19.79 million in the prior-year period, according to Access Newswire. Sales also rose 16.00 percent from the second quarter of fiscal 2026, creating a quantified comparison that supports the company growth narrative.

Profitability improved faster than revenue. Gross profit rose to USD 8.50 million, gross margin expanded to 35.60 percent from 34.00 percent, and operating income increased to USD 1.80 million from USD 0.72 million in the prior-year quarter, the company reported on September 14, 2026.

Margins now carry the story

Adjusted EBITDA reached USD 2.70 million in the third quarter, up 69.00 percent from USD 1.60 million a year earlier, while net income climbed to USD 1.44 million from USD 0.392 million. The figures show operating leverage, but the lower target indicates that analysts continue to apply a more cautious valuation to the small-cap electronics maker.

RF Industries said third-quarter bookings totaled USD 22.50 million and backlog stood at USD 18.60 million at quarter end. Its investor overview lists the fiscal third-quarter earnings call held on September 14, 2026, alongside the company annual report, according to RF Industries.

Stock valuation remains the counterpoint

RF Industries had a market capitalization of USD 91.1 million on October 2, 2026, with a 52-week range of USD 5.54 to USD 22.30. The structured quote for RFIL showed USD 8.40 on the Nasdaq at 4:00 p.m. EDT on October 2, 2026, while the Lang & Schwarz prior close was EUR 7.45 on October 2, 2026.