Roth Capital analyst Tom Hayes raised the firm’s price target on nLight (LASR) to $81 from $74 and keeps a Buy rating on the shares. The company accelerates its transition to a pure play directed energy laser provider after it announced it is exiting the welding and cutting markets, the analyst tells investors in a research note. Roth adds that Q1 will likely be nLight’s low point as it continues to deliver on the HELSI-2 project and begins delivering on new projects.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LASR:
- nLight price target raised to $75 from $68 at Stifel
- Wix downgraded, TripAdvisor upgraded: Wall Street’s top analyst calls
- nLight initiated with an Outperform at William Blair
- nLIGHT: Capitalizing on the Shift to High-Energy Laser Defense Systems With >20% Upside Potential
- Roblox initiated, Target upgraded: Wall Street’s top analyst calls