H.C. Wainwright Raises LightPath Price Target to $6, Maintains Buy Rating

H.C. Wainwright has raised its price target on LightPath to $6 from $5 and maintains a Buy rating. The firm believes recent share appreciation is supported by Q4 results and positive news on new business opportunities, warranting a higher valuation multiple.

LightPath Technologies, Inc. (NASDAQ: LPTH) has seen a significant upward trend in its stock price, with the share price surging above its 200-day moving average. On Monday, August 26, 2025, the stock traded at $4.50, reaching a high of $4.82 and surpassing its 200-day moving average of $2.69 [1].

In a recent upgrade, H.C. Wainwright has raised its price target on LightPath from $5.00 to $6.00, maintaining a "Buy" rating. The firm's analysts believe that the recent share appreciation is supported by the company's Q4 results and positive news on new business opportunities, warranting a higher valuation multiple [2].

Several analysts have been generally positive about LightPath Technologies. Four out of five analysts have rated the stock as a "Buy," with one rating it as a "Hold." The consensus rating is a "Moderate Buy" with an average target price of $4.88 [1].

The company's financial metrics reflect a positive outlook. LightPath Technologies has a quick ratio of 1.26, a current ratio of 2.30, and a debt-to-equity ratio of 0.33. Institutional investors hold 56.29% of the company's stock, indicating strong confidence in its future prospects [1].

However, the stock's price-to-sales (P/S) ratio stands at 5.1x, which is significantly higher than the industry average of 2.4x. This high P/S ratio suggests that investors are anticipating substantial future revenue growth to justify the stock's valuation [2].

Investors should closely monitor LightPath Technologies' earnings reports and analyst estimates to gauge the validity of the high P/S ratio and the stock's valuation. The company's ability to meet or exceed analysts' expectations will be crucial in maintaining the stock's upward momentum.

References:
[1] https://www.marketbeat.com/instant-alerts/lightpath-technologies-nasdaqlpth-stock-price-passes-above-200-day-moving-average-should-you-sell-2025-08-26/
[2] https://www.ainvest.com/news/lightpath-hc-wainwright-raises-buy-rating-6-pt-previously-5-2508/