nLight price target raised to $40 from $33.50 at Cantor Fitzgerald

Cantor Fitzgerald analyst Troy Jensen raised the firm’s price target on nLight (LASR) to $40 from $33.50 and keeps an Overweight rating on the shares. nLight posted better-than-expected Q3 results across most metrics, the analyst tells investors in a research note. The company saw continued strength in directed energy as existing programs drove near-term product growth, while the pipeline of new opportunities grew, Cantor says.