nLight price target raised to $45 from $40 at Stifel

Stifel analyst Ruben Roy raised the firm’s price target on nLight (LASR) to $45 from $40 and keeps a Buy rating on the shares after revenue guidance was raised by $4M at the midpoint to $79M for the upcoming fiscal Q4 report, which is typically scheduled at the end of February, ahead of a competitor conference. Management continues to communicate longer-tailed visibility into relatively larger contract opportunities with the Army, Navy and potentially Golden Dome for high-power directed energy and laser sensing products, the analyst noted.