Lensar price target raised to $16 from $12 at Lake Street

Lake Street raised the firm’s price target on Lensar (LNSR) to $16 from $12 and keeps a Buy rating on the shares after “outperformance across the board” in Q4. While shares had “a sizable move” of 162% in 2024, the firm thinks the durable growth story and positive AEBITDA profile “deserves further multiple expansion,” the analyst tells investors.