Stifel Nicolaus Thinks nLIGHT Inc’s Stock is Going to Recover
Stifel Nicolaus analyst Patrick Ho maintained a Buy rating on nLIGHT Inc (NASDAQ: LASR) yesterday and set a price target of $32. The company’s shares closed yesterday at $18.56, close to its 52-week low of $16.55.
According to TipRanks.com, Ho is a 4-star analyst with an average return of 5.2% and a 48.4% success rate. Ho covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, IPG Photonics Corporation, and Rudolph Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for nLIGHT Inc with a $32 average price target.
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Based on nLIGHT Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $3.15 million. In comparison, last year the company had a net profit of $2.24 million.
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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.