Innovex International (INVX) Receives Buy Rating with $35 Target

On May 6, 2026, Citi initiated coverage of Innovex International, Inc. (INVX) with a Buy rating and a price target of $35. For Q1 2026, Innovex reported revenue of $239 million, reflecting a 1% decline year over year. The company expects Q2 revenue between $235 million and $245 million, along with adjusted EBITDA of $43 million to $48 million. CEO Adam Anderson stated that operational execution and new product launches contributed to stronger-than-expected results. Innovex also completed an acquisition during the quarter, enhancing its offshore market position.