LightPath price target raised to $4 from $3 at Lake Street

Lake Street raised the firm’s price target on LightPath (LPTH) to $4 from $3 and keeps a Buy rating on the shares. The firm calls LightPath one of its “favorite ideas for 2025,” and believes momentum can continue next year as the company’s pipeline builds, growth accelerates, there is a better line of sight to a decision on the Lockheed missile program, and there is continued focus on finding alternatives to germanium.