A Look At nLIGHT (LASR) Valuation After Strong Recent Share Price Momentum

Simply Wall St

Mon, February 16, 2026 at 1:08 AM GMT+9 2 min read

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LASR

-0.29%

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nLIGHT stock performance snapshot

With no single headline event driving attention today, nLIGHT (LASR) is drawing interest after a strong past 3 months and 1 year, alongside double digit annual revenue and net income growth on a loss making base.

See our latest analysis for nLIGHT.

LASR’s recent 19% 30 day share price return and strong 77% 90 day share price return, alongside a very large 1 year total shareholder return, suggest momentum has been building as investors reassess its growth profile and risks.

If you are looking beyond LASR for other fast moving names tied to cutting edge technology, our list of 32 robotics and automation stocks is a useful place to start your research.

With LASR now trading around US$52, above the average analyst target of US$48 and alongside double digit revenue and net income growth on a loss making base, is there still a buying opportunity here, or is the market already pricing in future growth?

Most Popular Narrative: 10.2% Overvalued

At around $52 per share versus a narrative fair value of about $47, nLIGHT is framed as pricing in a richer future than that narrative suggests, with the discussion hinging on growth, margins and required valuation multiples.

In order for the above numbers to justify the analysts price target, the company would need to trade at a PE ratio of 68.3x on those 2028 earnings, up from -30.5x today. This future PE is greater than the current PE for the US Electronic industry at 23.1x.

Read the complete narrative.

Want to see what justifies that kind of earnings multiple? The narrative leans on revenue compounding, margin rebuild and a valuation stretch that assumes a very specific earnings path.

Result: Fair Value of $47.43 (OVERVALUED)

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

However, this depends heavily on aerospace and defense programs, as well as on amplifier production scaling smoothly, so any setbacks in those areas could quickly challenge that richer valuation narrative.

Find out about the key risks to this nLIGHT narrative.

Build Your Own nLIGHT Narrative

If you look at the numbers and reach a different conclusion, or simply want to test your own assumptions, you can build a custom narrative in just a few minutes: Do it your way.

A great starting point for your nLIGHT research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.

Looking for more investment ideas?

If LASR has caught your eye, do not stop here. Use the screener to uncover other opportunities that fit your style before the crowd catches on.

Story Continues  

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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._

Companies discussed in this article include LASR.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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