Needham analyst James Ricchiuti lowered the firm’s price target on nLight (LASR) to $14 from $16 and keeps a Buy rating on the shares. The firm is cutting its estimates for Q4 and 2025 following nLight’s Q4 pre-announcement ahead of the 27th Annual Needham Growth Conference last week, the analyst tells investors in a research note. Most surprising was the Defense miss, though this appears to be a short-term headwind, Needham added.
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