Do analysts agree Friday on the target price for LightPath Technologies, Inc. (LPTH) stock?
Wall Street is positive on LightPath Technologies, Inc. (LPTH). On average, analysts give the stock a Strong Buy rating. The average price target is $3.6, which means analysts expect the stock to rise 130.77% over the next twelve months. This average ranking gives the stock an analyst rating of 72, which is higher than 72% of stocks based on data compiled by InvestorsObserver.
Why are analyst ratings important?
Analysts know better than anyone the inner workings of the companies they follow, with the exception of the management of the companies. You can tell a lot about a company by studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in any part of the world can disrupt supply chains or disrupt shopping habits. This allows traders to make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all analysts covering a given security, takes the average of these ratings, and then ranks the averages into percentiles. This provides a much better level of granularity than the three levels provided by traditional buy/hold/sell notations.
What’s going on with LightPath Technologies, Inc. stock today?
LightPath Technologies, Inc. (LPTH) stock is trading at $1.56 at 3:41 p.m. on Friday, April 29, down -$0.11, or -6.53% from the previous closing price of $1.67. The stock has traded between $1.53 and $1.67 so far today. Today, the volume is above average. So far, 210,434 shares have been traded against an average volume of 148,739 shares. Click here for the full LightPath Technologies, Inc. stock report.
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