LightPath Technologies (LPTH) Valuation Check As Needham Growth Conference Presentation Draws Investor Attention

Conference spotlight and why investors are watching

LightPath Technologies (LPTH) is set to present at the 28th Annual Needham Growth Conference at The Lotte New York Palace Hotel in New York, and that upcoming appearance is drawing fresh attention from investors.

See our latest analysis for LightPath Technologies.

That conference appearance comes after a sharp run in the shares, with a 30 day share price return of 82.70% and a 1 year total shareholder return of 273.00%. This suggests momentum has recently picked up from a relatively low base over the longer term.

If this kind of interest in optics and imaging gets you thinking more broadly, it could be a useful moment to scan high growth tech and AI stocks for other potential ideas in related areas.

With the shares recently surging, LightPath now trades around US$12.57, slightly above the current analyst price target of US$11.50. So is there still mispricing here, or is the market already baking in future growth?

Most Popular Narrative: 19.7% Overvalued

At a last close of US$12.57 versus a fair value estimate of about US$10.50, the most followed narrative treats the recent re-rating as ahead of its numbers.

The analysts have a consensus price target of $5.1 for LightPath Technologies based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $7.0, and the most bearish reporting a price target of just $3.0.

Read the complete narrative.

Want to see why a relatively small company is being valued at a premium multiple? The crux is rapid top line expansion, higher margin assumptions and a rich future earnings multiple that many larger peers rarely reach. Curious which growth and profitability inputs are doing the heavy lifting in that calculation? Read on to see the full narrative behind that gap.

Result: Fair Value of $10.50 (OVERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this upbeat story can be challenged if supply chain issues around key materials bite again, or if the G5 Infrared integration fails to deliver expected benefits.

Find out about the key risks to this LightPath Technologies narrative.

Build Your Own LightPath Technologies Narrative

If you see the story differently or prefer to lean on your own work, you can quickly build a custom view of LightPath in just a few minutes, starting with Do it your way.

A great starting point for your LightPath Technologies research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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