LPTH Similar Chart Price Prediction
The price of LPTH is predicted to go up 15.17%, based on the high correlation periods with ESRT. The similarity of these two price pattern on the periods is 96.55%.
LPTH
ESRT
Up: 15.17%Similarity: 96.55%
LPTH Revenue Forecast
LPTH EPS Forecast
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LPTH Analyst's Forecast
Glenn Mattson
Ladenburg Thalmann
Strong Buy
2025-01-02
Price Target
$3 → $5
Upside
+31.93%
Ladenburg raised the firm's price target on LightPath to $5 from $3 and keeps a Buy rating on the shares after hosting meetings with management. The stock has performed well recently, catalyzed by germanium restrictions by major exporter China, the analyst tells investors in a research note. The firm says LightPath has historically used germanium in its optics offerings, though its germanium exposure today has been reduced to about 10% of revenue. Ladenburg believes the transition to LightPath 3.0 puts the company in a position to grow and have sustained profitability. The company has completed its transition and is now poised for solid growth, contends the firm.
Jaeson Schmidt
Lake Street
Strong Buy
2024-12-27
Price Target
$3 → $4
Upside
+14.61%
