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LPTH
Benzinga
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LightPath Technologies Analysts Raise Their Forecasts Following Q4 Results

1. LPTH reported a loss of 16 cents per share, missing estimates. 2. Quarterly revenue was $12.21 million, exceeding analyst expectations. 3. CEO confirmed strategy shift towards BlackDiamond glass in defense sector. 4. Shares surged 17.5% to $7.64 post-earnings announcement. 5. Analysts raised price targets, with HC Wainwright setting it at $8.

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FAQ

Why Bullish?

Despite losses, positive revenue growth and strategic pivot indicate potential future gains.

How important is it?

Positive analysts' revisions and sharp stock price increase post-announcement suggest high relevance.

Why Short Term?

Recent price target increases suggest immediate positive sentiment and trading activity.

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