In a recent update, Craig-Hallum analyst Greg Palm has maintained his "Buy" rating for nLight (LASR, Financial). The analyst has adjusted the price target upward, from a previous $14.00 to a new target of $24.00. This adjustment represents a significant 71.43% increase in the price target, highlighting a more optimistic outlook for the company's stock performance.
The adjustment in the price target reflects the analyst's confidence in nLight's (LASR, Financial) potential for growth and value appreciation. The upgrade comes as investors are keenly watching how the company navigates the current market conditions. With the revised target, stakeholders may look forward to new opportunities in nLight's (LASR) trajectory.
nLight (LASR, Financial), listed on the NASDAQ, continues to attract attention with this latest analyst endorsement. The company's shareholders and potential investors may find this development encouraging as it signifies growing optimism about nLight's (LASR) future prospects under the sustained "Buy" rating.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for nLight Inc (LASR, Financial) is $15.50 with a high estimate of $20.00 and a low estimate of $12.00. The average target implies an downside of 15.25% from the current price of $18.29. More detailed estimate data can be found on the nLight Inc (LASR) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, nLight Inc's (LASR, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for nLight Inc (LASR, Financial) in one year is $11.20, suggesting a downside of 38.76% from the current price of $18.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the nLight Inc (LASR) Summary page.
