Needham Maintains Buy Rating for nLight: Here's What You Need To Know

Needham has decided to maintain its Buy rating of nLight LASR and raise its price target from $15.00 to $16.00.

Shares of nLight are trading up 4.94% over the last 24 hours, at $13.59 per share.

A move to $16.00 would account for a 17.73% increase from the current share price.

About nLight

nLight Inc is a United States-based company engaged in providing semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It operates in two segments: Laser Products, which includes semiconductor lasers, fiber lasers, and directed energy products; and Advanced Development segment includes revenue earned from research and development contracts. The majority of its revenue is generated from the Laser segment. The company's geographical segments include North America, China, and the Rest of the world.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.