nLight upgraded to Buy at Benchmark after Q3 upside

As previously reported, Benchmark analyst Mark Miller upgraded nLight (LASR) to Buy from Speculative Buy with a price target of $40, up from $25, after the company reported upside in Q3, aided by record aerospace and defense sales, and guided to higher-than-expected Q4 results. The firm sees non-GAAP EPS of 75c in 2026, along with the potential for equipment orders late in 2026, the analyst tells investors.