LightPath price target raised to $10 from $7.50 at Lake Street

Lake Street raised the firm’s price target on LightPath (LPTH) to $10 from $7.50 and keeps a Buy rating on the shares. The firm, which is “impressed with the robust backlog” and believes multiple potential opportunities in the pipeline could “prove transformational,” thinks LightPath’s strong top line outperformance sets the stage for continued momentum throughout FY26 and FY27, the analyst tells investors.