The price of LYTS is predicted to go up 22.88%, based on the high correlation periods with AEMD. The similarity of these two price pattern on the periods is 95.4%.
LYTS
AEMD
Up: 22.88%Similarity: 95.4%
LYTS Revenue Forecast
LYTS EPS Forecast
LYTS FAQs
What is bull’s view on LYTS?
LYTS stock is bullish with a price target of $30 by HC Wainwright, reflecting a 35.87% upside due to strong Q2 earnings and strategic acquisitions. Canaccord Genuity also raised its target to $26, citing robust organic growth and successful M&A strategies. The stock's recent 20% surge to $23.85 highlights investor confidence in its growth trajectory.
What is bear's view on LYTS?
LYTS stock is currently trading at $23.83, reflecting a 20.5% gain after strong Q2 earnings with 36% YoY sales growth and EPS of $0.26 beating estimates. However, the gross margin contraction and reduced operating margin signal potential profitability challenges. Bears may view the recent rally as overextended, especially with the stock nearing the $26-$30 target range set by analysts.
What is LYTS revenue forecast for next quarter?
The market consensus for LYTS's revenue in the upcoming quarter is projected to be approximately $129.718M USD.
Canaccord raised the firm's price target on LSI Industries to $26 from $22 and keeps a Buy rating on the shares. The firm noted they continued to build its business inorganically through the recently announced acquisition of EMI. Through long-term organic growth, prudent capital allocation, and a conscientious approach to M&A, Canaccord expects management to continue to reward long-term shareholders.