Cantor Fitzgerald Raises the PT on nLIGHT, Inc. (LASR), Keeps a Buy

​nLIGHT, Inc. (NASDAQ:LASR) is one of the Hottest Small Cap Stocks to Buy Now. On November 7, Cantor Fitzgerald analyst Troy Jensen raised the firm’s price target on nLIGHT, Inc. (NASDAQ:LASR) from $33.50 to $40 and maintained an Overweight rating on the stock. On the same day, Ruben Roy from Stifel Nicolaus also reiterated a Buy rating on the stock and raised the price target from $26 to $40.

​The positive outlook is followed by the company’s fiscal Q3 2025 results announced on November 6. During the quarter, the company grew its revenue by 18.91% year-over-year to $66.74 million, surpassing estimates by $2.85 million. Moreover, the EPS of $0.08 also topped consensus by $0.06. Management attributed revenue growth to a record aerospace and defense revenue, which contributed $46 million to the total revenue, driven by a 70% growth in defense product sales.

​nLIGHT, Inc. (NASDAQ:LASR) also achieved a record product gross margin of 41%, up significantly from 28.8% a year ago. The improvement was supported by a favorable customer and product mix, record revenue from A&D markets, and an overall increase in volume.

​Analyst Troy of Cantor Fitzgerald commented in his research note that he sees continued strength for the company, driven by near-term product growth and a growing pipeline of new opportunities.

​nLIGHT, Inc. (NASDAQ:LASR) designs and manufactures high-power semiconductor and fiber lasers mainly used in aerospace, defense, industrial, and microfabrication sectors.

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Disclosure: None. This article is originally published at Insider Monkey.