nLIGHT disclosed on July 9 it was selected for a Joint Laser Weapon System OTA agreement to support the DoD's next-generation cruise missile defense architecture. Analysts raised targets to $100 (Craig-Hallum) and $90 (Needham), signaling upside despite LASR closing down 4.5% to $68.79. The contract win could translate into multi-year defense revenue and drive a potential re-rating for LASR on higher revenue visibility.
Needham Aggressive Growth Fund’s largest holding is nLight (LASR), reflecting a thesis on infrastructure behind AI and defense. Barr’s approach targets underfollowed, established businesses evolving into defense and AI applications, with LASR benefiting from drone-defense demand. LASR rose about 97% in 2026, posting $261M revenue and a $23M net loss last year; profitability could arrive as the defense cycle expands.
NLight Inc (LASR) shares surged after Baird initiated coverage with an Outperform rating and a bullish price target of $95. This recommendation could signal strong growth potential for the company, likely attracting further investor interest and enhancing market confidence.
nLight (LASR) exceeded Q2 earnings expectations, reporting 6 cents per share. Q2 sales of $61.735 million surpassed estimates of $55.242 million. Third-quarter sales guidance ranges from $62M to $67M, above estimates. Aerospace and defense growth outlook increased to over 40% year-over-year. Analysts revised price targets upward, with significant ratings maintained.
