Piper Sandler initiated coverage on LightPath Technologies (LPTH) on August 12, 2026. The firm issued an Overweight rating with a $15.00 price target. This target represents a 15% upside. The stock previously closed at $13.09.
The positive outlook centers on the company's exclusive license for BlackDiamond synthetic glass. This material enables LightPath to avoid supply risks from Chinese export controls on Germanium. Germanium is a critical component in traditional infrared optics.
Piper Sandler expects LightPath to capture significant market share. The company aims to expand within the defense and industrial infrared optics markets.