In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on Lightpath Technologies (LPTH – Research Report), with a price target of $5.00.
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Scott Buck has given his Buy rating due to a combination of factors related to LightPath Technologies’ strategic business moves. Despite reporting lower-than-expected revenue for the second quarter of fiscal year 2025, the company’s acquisition of G5 Infrared is seen as a transformative step. This acquisition shifts LightPath from being a mere component provider to a vertically integrated supplier of high-performance infrared camera systems. The acquisition is expected to diversify LightPath’s product offerings and significantly boost its revenue potential.
Furthermore, the acquisition aligns with LightPath’s strategic transition towards catering to larger programs with substantial revenue opportunities. Although current financial results were underwhelming, the anticipated benefits from the acquisition, including improved gross margins and increased revenue, support the positive outlook. Scott Buck believes that the potential for future growth outweighs the current setbacks, making LightPath Technologies a compelling investment opportunity.
In another report released on February 14, Alliance Global Partners also maintained a Buy rating on the stock with a $3.00 price target.