Cantor Fitzgerald Raises PT for Light to $33.5, Maintains Overweight Rating

Cantor Fitzgerald Raises PT for Light to $33.5, Maintains Overweight Rating

Cantor Fitzgerald has raised its price target for Light (NYSE: LIGHT) to $33.5, maintaining an "Overweight" rating. The brokerage firm's latest research note, issued on September 12, 2025, reflects a bullish outlook on the company's prospects.

Light's stock has been performing well, with recent quarterly earnings showing growth in both revenue and earnings per share (EPS). The company's latest quarterly report indicated a 15% increase in revenue, driven by strong demand for its LED lighting solutions. EPS also grew by 12%, beating analysts' expectations.

Cantor Fitzgerald's new price target of $33.5 is an increase from the previous target of $30. The brokerage firm cited Light's strong market position, innovative product offerings, and robust financial performance as the primary drivers behind the upward revision. The "Overweight" rating suggests that Cantor Fitzgerald believes Light's stock is likely to outperform the broader market.

The brokerage firm's positive outlook on Light aligns with the overall sentiment among analysts. According to data from MarketBeat.com, Light has an average rating of "Moderate Buy" and an average price target of $32.50 Cantor Fitzgerald Forecasts Rubrik FY2026 Earnings^[1].

Institutional investors have also shown confidence in Light's stock. In the second quarter, several hedge funds and institutional investors increased their stakes in the company. For example, Vanguard Group Inc. grew its stake by 73.1% during the second quarter, while Norges Bank acquired a new stake worth about $219,132,000 Cantor Fitzgerald Forecasts Rubrik FY2026 Earnings^[1].

Light's strong financial performance and positive analyst sentiment suggest that the company is well-positioned to continue its growth trajectory. Investors should closely monitor the company's future earnings reports and any new product developments that could further drive its stock price.