nLight price target raised to $100 from $75 at Raymond James

Raymond James raised the firm’s price target on nLight (LASR) to $100 from $75 and keeps a Strong Buy rating on the shares. Q1 results “cleared a high bar and strengthened confidence in defense product conversion,” supported by munitions visibility, international demand, and the higher-content HADES architecture, the analyst tells investors. The firm sees nLight having “a credible path to become a $500-$1,000M defense franchise before 2030 with structurally higher margins,” the analyst added.