LPTH Similar Chart Price Prediction
The price of LPTH is predicted to go up -6.7%, based on the high correlation periods with WIX. The similarity of these two price pattern on the periods is 98.08%.
LPTH
WIX
Down: -6.7%Similarity: 98.08%
LPTH Revenue Forecast
LPTH EPS Forecast
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LPTH Analyst's Forecast
Glenn Mattson
Ladenburg Thalmann
Strong Buy
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
Price Target
$3 → $4
Upside
+14.61%