Needham analyst James Ricchiuti maintained a Buy rating on nLIGHT (NASDAQ:LASR) Inc on Friday, setting a price target of $36, which is approximately 12.89% above the present share price of $31.89.
Ricchiuti expects nLIGHT Inc to post earnings per share (EPS) of -$0.15 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in nLIGHT, with an average price target of $38.5.
The analysts price targets range from a high of $41 to a low of $36.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $61.35 million and a net profit of -$5.78 million. The company's market cap is $1.37 billion.
According to TipRanks.com, Needham analyst James Ricchiuti is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.8% and a 67.76% success rate.
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.