Benchmark Co. analyst Mark Miller reiterated a Sell rating on nLIGHT Inc (LASR) today and set a price target of $14. The company’s shares closed yesterday at $19.54, close to its 52-week low of $16.25.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 20.5% and a 64.4% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
Currently, the analyst consensus on nLIGHT Inc is a Moderate Buy with an average price target of $26.57.
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The company has a one-year high of $43.63 and a one-year low of $16.25. Currently, nLIGHT Inc has an average volume of 488.6K.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock.
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nLIGHT, Inc. develops and manufactures semiconductor and fiber lasers components. Its products include semiconductor lasers, fiber lasers, and optical fibers. The company was founded by Scott H. Keeney, Mark DeVito and Jason Farmer in 2000 and is headquartered in Vancouver, WA.
