Shares of nLight Inc (LASR) have recently surpassed the average analyst 12-month target price of $26.42, currently trading at $27.40 per share. Analysts now face the decision to either downgrade their valuation or adjust their target prices higher based on recent business developments. The current average target includes varying insights, with the lowest target at $24.00 and the highest at $28.00, resulting in a standard deviation of $1.685.
As of the latest analysis, the breakdown of ratings for nLight Inc includes 4 “Strong Buy” ratings, 2 “Buy” ratings, and 1 “Hold” rating, with no “Sell” or “Strong Sell” ratings. The average rating is 1.57, where 1 indicates “Strong Buy” and 5 indicates “Strong Sell.”
This information, sourced from Zacks Investment Research, highlights the positive sentiment among analysts, suggesting that investors should evaluate whether the current trading price is indicative of further price appreciation or a potential overvaluation.
