LightPath price target raised to $5 from $3 at H.C. Wainwright

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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