| Over a week ago | ||||
Catch up on today's… Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Home Point Capital (HMPT) initiated with an Outperform at Wedbush, Credit Suisse and JMP Securities, initiated with an Overweight at Piper Sandler, JPMorgan and Wells Fargo, initiated with an Equal Weight at Morgan Stanley and initiated with a Neutral at Goldman Sachs. 2. Qualtrics (XM) initiated with an Outperform at Oppenheimer, JMP Securities and Raymond James, initiated with a Buy at Citi, Truist and Canaccord, initiated with a Market Perform at BMO Capital, initiated with a Neutral at Goldman Sachs and Piper Sandler, initiated with an Equal Weight at Barclays and Morgan Stanley, initiated with an In Line at Evercore ISI and initiated with a Hold at Loop Capital. 3. SAP (SAP) reinstated with an In Line at Evercore ISI. 4. dMY Technology II (DMYD) initiated with a Buy at Benchmark. 5. LightPath (LPTH) initiated with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here. | ||||
H.C. Wainwright analyst… H.C. Wainwright analyst Scott Buck initiated coverage of LightPath Technologies with a Buy rating and $5.50 price target. LightPath's optical design engineering expertise, low-cost structure and global footprint position the business to benefit from increasing capacity and industry tailwinds driving both revenue growth and margin expansion, Buck tells investors in a research note. | ||||
B. Riley Securities… B. Riley Securities analyst Marc Wiesenberger raised the firm's price target on LightPath Technologies to $5 from $4.50 and reiterates a Buy rating on the shares. The company achieved record quarterly sales of $9.9M, driven by strong 5G, industrial, and catalog demand, Wiesenberger tells investors in a research note. The analyst continues to "incrementally increase" fiscal 2022 estimates based on new wins, record backlog, and pipeline opportunities that "could ultimately be transformational." | ||||
| Over a month ago | ||||
B. Riley Securities… B. Riley Securities analyst Marc Wiesenberger raised the firm's price target on LightPath Technologies to $4.50 from $3.75 and reiterates a Buy rating on the shares. The analyst believes demand for LightPath's optical lenses and assemblies remains strong, with capacity constraints limiting escape velocity. | ||||
Alliance Global Partners… Alliance Global Partners analyst Brian Kintslinger raised the firm's price target on LightPath Technologies to $5.50 from $4 and reiterates a Buy rating on the shares after the company announced expansion in its Latvia facility to add coating capabilities for infrared lenses. The analyst expects "much better" efficiencies, higher production volume, shorter customer lead times and reduced manufacturing risk. Expansion in Latvia is a "bullish sign" and is a catalyst to stronger revenue growth from infrared lenses, Kintslinger tells investors in a research note. | ||||
LightPath announced the… LightPath announced the completion of its factory expansion for new infrared coating capabilities at its Riga, Latvia facility as part of its global production capacity expansion. The newly established coating facility in Riga is primarily focused on infrared coatings. Commercial production has commenced for high durability Diamond Like Carbon, or DLC, infrared coatings for optics made from materials such as Germanium, Silicon, and chalcogenides, such as LightPath's proprietary Black Diamond chalcogenide glass. | |
LightPath announced the… LightPath announced the opening of it's newest sales office in Germany to stimulate sales of its expanding range of products in Europe. | |
LightPath announced it… LightPath announced it has been awarded a renewal of an annual supply agreement valued at over $5.8M, which is a 16% increase over the prior year contract. The contract is for the purchase of a variety of infrared optical lens elements by a major commercial infrared vision products customer. |
| Over a quarter ago | ||||
LightPath announced a new… LightPath announced a new sales partner to promote and sell its expanding portfolio in Israel. Founded in 1983, Rosh Electroptics has established itself a distributor/representative in Israel and has been ISO qualified since 1996. The team at Rosh provides expertise in optical components and opto-mechanics to support OEM customers and custom solutions in areas including fiber-optics, laser diodes, medical life sciences and infrared imaging systems. | ||||
Virtual Meeting to be… Virtual Meeting to be held on November 18 hosted by B. Riley Securities. | ||||