Nlight Inc stock hits 52-week high at $32.24

nLIGHT Inc (LASR) stock reached a significant milestone by hitting a 52-week high at $32.24. With a market capitalization of $1.6 billion, this marks a notable achievement for the company, as its stock has experienced a remarkable 1-year change of 190.75%. According to InvestingPro data, analysts maintain a strong buy consensus with a target range between $25 and $33.50. The surge in stock price reflects strong investor confidence and positive market sentiment towards nLIGHT Inc, a company known for its advanced laser technology solutions. The impressive 1-year performance underscores the company’s growth potential and strategic advancements in its industry. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with a "Fair" overall financial health score. Discover 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.

In other recent news, Nlight reported better-than-expected results for the June quarter, with a notable 22% increase in revenue, surpassing both its guidance and analysts’ expectations. The company’s Aerospace & Defense (A&D) segment was a significant contributor to this growth. Following these strong quarterly results, Nlight provided third-quarter guidance that exceeded consensus estimates, reinforcing confidence among analysts. Stifel raised its price target for Nlight to $26, maintaining a Buy rating, while Raymond James and Needham both increased their price targets to $28, with Raymond James maintaining a Strong Buy rating and Needham a Buy rating.

Additionally, Nlight’s board approved special one-time grants of performance-based restricted stock units to CEO Scott Keeney and CFO Joseph Corso, contingent upon specific stock price targets and continued service. This move aligns with the company’s 2018 Equity Incentive Plan. These developments highlight Nlight’s strong performance in the A&D sector and positive future outlook as noted by the analysts.

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