Fintel reports that on March 4, 2026, Baird initiated coverage of nLIGHT (NasdaqGS:LASR) with a Outperform recommendation.
Analyst Price Forecast Suggests 18.33% Downside
As of February 26, 2026, the average one-year price target for nLIGHT is $51.51/share. The forecasts range from a low of $40.40 to a high of $63.00. The average price target represents a decrease of 18.33% from its latest reported closing price of $63.07 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for nLIGHT is 287MM, an increase of 9.85%. The projected annual non-GAAP EPS is -0.14.
What is the Fund Sentiment?
There are 285 funds or institutions reporting positions in nLIGHT. This is an decrease of 123 owner(s) or 30.15% in the last quarter. Average portfolio weight of all funds dedicated to LASR is 0.16%, an increase of 15.70%. Total shares owned by institutions decreased in the last three months by 13.67% to 45,157K shares. 
The put/call ratio of LASR is 0.16, indicating a bullish outlook.
What are Other Shareholders Doing?
Needham Investment Management holds 1,858K shares representing 3.33% ownership of the company. In its prior filing, the firm reported owning 1,793K shares , representing an increase of 3.50%. The firm decreased its portfolio allocation in LASR by 32.50% over the last quarter.
Neuberger Berman Group holds 1,486K shares representing 2.66% ownership of the company. In its prior filing, the firm reported owning 1,291K shares , representing an increase of 13.14%. The firm increased its portfolio allocation in LASR by 48.73% over the last quarter.
Invesco holds 1,399K shares representing 2.51% ownership of the company. In its prior filing, the firm reported owning 1,057K shares , representing an increase of 24.44%. The firm increased its portfolio allocation in LASR by 74.29% over the last quarter.
Geode Capital Management holds 1,235K shares representing 2.21% ownership of the company. In its prior filing, the firm reported owning 1,215K shares , representing an increase of 1.62%. The firm decreased its portfolio allocation in LASR by 33.64% over the last quarter.
Harvey Partners holds 1,203K shares representing 2.16% ownership of the company. In its prior filing, the firm reported owning 1,397K shares , representing a decrease of 16.21%. The firm increased its portfolio allocation in LASR by 8.57% over the last quarter.
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This story originally appeared on Fintel.
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