H.C. Wainwright raised the firm’s price target on LightPath (LPTH) to $5 from $3 and keeps a Buy rating on the shares. The firm expects the company’s ongoing strategic shift toward optics and imaging solutions to “bear fruit” in 2025. It cites accelerating revenue growth and its initial fiscal 2026 estimates for the target increase.
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Read More on LPTH:
- LightPath price target raised to $5 from $3 at Ladenburg
- LightPath price target raised to $4 from $3 at Lake Street
- LightPath begins delivery of infrared lens assemblies
- LightPath participates in a conference call with Lake Street
- LightPath management to meet virtually with Lake Street
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.