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Investing.com - H.C. Wainwright raised its price target on LightPath Technologies (NASDAQ:LPTH) to $6.00 from $5.00 on Wednesday, while maintaining a Buy rating on the optical components manufacturer. The stock, currently trading at $4.80, is near its 52-week high of $5.14, according to InvestingPro data.
The research firm cited LightPath’s strategic positioning to capitalize on growth opportunities in the government sector, particularly in shipboard long-range surveillance, border security, and counter UAS systems, which it believes provides a strong long-term tailwind for the company.
H.C. Wainwright noted that LightPath shares have outperformed the broader market, rising 36.0% in 2025 compared to a 6.4% increase in the Russell 2000 index, reflecting investor confidence in the company’s growth prospects. InvestingPro data shows even more impressive gains, with the stock delivering a remarkable 269% return over the past year. The company’s market capitalization now stands at approximately $205 million.
The firm expects the upcoming fourth-quarter fiscal 2025 results, to be announced in September, to provide a more complete view of the combined business following LightPath’s acquisition of G5 Infrared in February, which was only partially reflected in third-quarter results.
H.C. Wainwright also highlighted the potential for increased visibility around LightPath’s collaboration with Lockheed Martin for a U.S. Army missile program, which could drive upward revisions to consensus estimates and attract new investor interest in the stock. Analyst consensus remains strongly bullish, with an average rating of 1.2 on a scale where 1 represents a Strong Buy.
In other recent news, LightPath Technologies has announced the appointment of Dr. Stephen L. Mielke as Vice President of Engineering. Dr. Mielke brings over two decades of experience in the photonics industry, having held significant roles at Luminar Technologies and Zygo Corporation. This strategic addition to the team is expected to bolster LightPath’s engineering capabilities. Additionally, LightPath’s subsidiary, G5 Infrared, has commenced production of high-end cooled infrared cameras that utilize the company’s BlackDiamond™ Glass. This development comes in response to export restrictions on Germanium by China, prompting a shift in materials. The redesign of these camera models aligns with the industry’s need for alternatives, especially among defense contractors in the U.S. and allied nations. These recent developments highlight LightPath’s ongoing efforts to adapt and innovate within the changing market landscape.
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