Needham Maintains Buy Rating for nLight: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Needham has reaffirmed its Buy rating on nLight (NASDAQ:LASR) and increased its price target from $15.00 to $16.00. nLight's stock has risen 4.94% in the last 24 hours to $13.59 per share. The new price target suggests a potential upside of 17.73%. nLight specializes in semiconductor and fiber lasers for various applications and earns most of its revenue from the Laser Products segment.
November 28, 2023 | 5:00 pm
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Needham maintains a Buy rating on nLight and raises the price target from $15.00 to $16.00, indicating a potential 17.73% upside from the current price.
The reaffirmation of the Buy rating and the increase in price target by Needham are strong positive signals for nLight, suggesting that the analyst firm believes in the company's future performance and growth potential. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100