Canaccord analyst Austin Moeller raised the firm’s price target on LightPath (LPTH) to $15.50 from $15 and keeps a Buy rating on the shares. The firm noted they posted a top and bottom line beat as its strong demand signals suggest growth is accelerating with margin expansion just beginning.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LPTH: