Lake Street Begins Coverage on CTS with Bullish Outlook

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On September 2, 2026, Lake Street initiated coverage of CTS Corporation (NYSE:CTS) with a Buy recommendation. The average one-year price target for CTS is set at $66.30 per share, suggesting a potential upside of 16.25% from its recent closing price of $57.03.

CTS is projected to generate annual revenue of $669 million, reflecting an 18.63% increase. Additionally, the non-GAAP EPS is estimated to be $3.33. Institutional ownership in CTS has surged, with 558 funds reporting positions, an increase of 308 owners (123.20%) in the last quarter, and total shares owned by institutions rose by 31.29% to 39,759K shares.

Key stakeholders have also adjusted their holdings: Wasatch Advisors increased its stake by 44.61%, now holding 3,600K shares (12.61% ownership), while Vanguard Portfolio Management raised its allocation by 20.65% to 1,261K shares (4.42% ownership).

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