Lake Street raised the firm’s price target on LightPath (LPTH) to $7.50 from $4 and keeps a Buy rating on the shares. The firm believes positive win momentum and upside to the FY26 outlook should overshadow LightPath’s lighter profitability results, the analyst tells investors in a post-earnings note. The firm believes the company will start to show improving leverage as it benefits from its previously implemented operational efficiencies and ramping top line growth, the analyst added.
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