nLIGHT, Inc. (NASDAQ:LASR) is one of the top must-buy semiconductor stocks to invest in now. nLIGHT, Inc. (NASDAQ:LASR) received a rating update from Needham on May 8.
The firm lifted the price target on the stock to $80 from $70, and reaffirmed a Buy rating on the shares
In a separate development, nLIGHT, Inc. (NASDAQ:LASR) announced on April 30 plans for the expansion of its existing operations in Torino, Italy, aimed at supporting the increased demand from European and allied customers for locally assembled directed energy solutions. Management stated that the expanded Torino footprint is anticipated to improve the company’s ability to deliver high‑power laser subsystems and integrated directed energy components tailored to regional operational needs, while simultaneously aligning with European localization, security, and supply‑chain resiliency requirements. It added that the project builds on nLIGHT, Inc.’s (NASDAQ:LASR) established presence in Italy, and also highlights its long-term commitment to support allied defense and security users with mission‑ready laser technology. nLIGHT, Inc. (NASDAQ:LASR) provides semiconductor and fiber lasers for aerospace and defense, microfabrication, and industrial applications.
The company operates through the Laser Products and Advanced Development segments. While we acknowledge the potential of LASR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.