Cantor Fitzgerald Raises PT for nLIGHT (LASR), Keeps Overweight Rating

nLIGHT, Inc. (NASDAQ:LASR) is one of the 14 Small Publicly Traded Semiconductor Companies to Invest in Now. On September 15, Cantor Fitzgerald increased the price target for nLIGHT, Inc. (NASDAQ:LASR) from $27.50 to $33.50 while maintaining an Overweight rating.

The update came after meetings with nLIGHT, Inc.’s (NASDAQ:LASR) CEO and Vice President of Corporate Development. Cantor Fitzgerald felt more positive about the company’s near- and medium-term outlook following these discussions.

The research firm expects that nLIGHT, Inc. (NASDAQ:LASR) has sufficient backlog and pipeline to meet the higher end of its third-quarter guidance. Cantor Fitzgerald also believes the company will grow sequentially in the fourth quarter.

nLIGHT, Inc. (NASDAQ:LASR) designs and manufactures high-power semiconductor and fiber lasers for directed energy, optical sensing, and advanced manufacturing applications.

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Disclosure: None. This article is originally published at Insider Monkey.