Lake Street analyst Jaeson Schmidt maintained a Buy rating on Lightpath Technologies (LPTH – Research Report) today. The company’s shares closed yesterday at $1.33.
According to TipRanks, Schmidt is a 5-star analyst with an average return of 11.7% and a 48.79% success rate. Schmidt covers the Technology sector, focusing on stocks such as inTEST, Powerfleet, and Identiv.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lightpath Technologies with a $3.00 average price target, representing a 125.56% upside. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $3.00 price target.
Based on Lightpath Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.32 million and a GAAP net loss of $1.71 million. In comparison, last year the company earned a revenue of $8.47 million and had a GAAP net loss of $694.06 thousand
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Lightpath Technologies (LPTH) Company Description:
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies; infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies; and Gradium lenses. It supports a range of customers in the field of industrial, laser, defense, medical, telecommunications, and instrumentation. The company was founded on June 15, 1992 and is headquartered in Orlando, FL.
