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Flotek Industries upgraded to $44 target despite $400M contract fraud lawsuit and stock drop.

Analyst Insights
15 Sep 2026
Tony Dante
View Source
Neutral
Flotek Industries upgraded to $44 target despite $400M contract fraud lawsuit and stock drop.

Lake Street raised Flotek Industries' price target to $44, signaling a 65% upside from its current $26.68 price. This comes amid a securities fraud class action lawsuit over a canceled $400 million Puerto Rico contract, which caused the stock to plunge nearly 30%. Investors have until October 26, 2026, to join the lawsuit. Despite legal troubles, the analyst upgrade suggests confidence in the company's future potential.

Flotek Industries news provides context for energy sector trading. For readers following energy stocks, here is Pluang's market snapshot as of Sep 15, 2026 19:16 WIB: 21 of 30 US energy stocks rose, 8 fell. Notable movers include INDO at USD 3.11 (+1.30%), LEU at USD 147.49 (+0.85%), and HAL at USD 35.24 (+0.66%).

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