After Needham and Stifel Nicolaus gave nLIGHT (NASDAQ: LASR) a Buy rating last month, the company received another Buy, this time from Canaccord Genuity. Analyst Jonathan Dorsheimer maintained a Buy rating on nLIGHT yesterday and set a price target of $25.00. The company’s shares closed last Monday at $19.99.
According to TipRanks.com, Dorsheimer is a 3-star analyst with an average return of 2.0% and a 42.9% success rate. Dorsheimer covers the Consumer Goods sector, focusing on stocks such as SolarEdge Technologies, Stmicroelectronics, and IPG Photonics.
nLIGHT has an analyst consensus of Strong Buy, with a price target consensus of $24.75.
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The company has a one-year high of $26.77 and a one-year low of $12.60. Currently, nLIGHT has an average volume of 261.7K.
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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.
