H.C. Wainwright raised the firm’s price target on LightPath (LPTH) to $8 from $7 and keeps a Buy rating on the shares following the Q4 report. The the company highlighted a recent new order announcement and follow on order valued at $40M from a leading global technology company, the analyst tells investors in a research note. The firm is optimistic on the shares citing LightPath’s record backlog and elevated levels of demand.
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