Lake Street Boosts LightPath (LPTH) PT to $14 on Record $90M Backlog, Drone Sector Expansion

Group 1 - LightPath Technologies Inc. has been identified as a promising tech stock, with Lake Street raising its price target from $10 to $14 while maintaining a Buy rating [1] - The company reported a 79% year-over-year revenue increase in FQ1 2026, reaching $15.1 million, up from $8.4 million in the same period last year [2] - LightPath's backlog reached a record $90 million, with over two-thirds consisting of complex systems, indicating a successful transition to high-value infrared systems [2][3] Group 2 - The proprietary BlackDiamond/G5 glass, a germanium-free material, is key to LightPath's growth, addressing supply chain vulnerabilities as global restrictions on germanium increase [3] - New contracts have been secured, including an $18.2 million order for delivery in 2026 and a follow-on $22.1 million order for 2027, highlighting the company's expansion in the drone sector [3] - An $8 million investment from Ondas and Unusual Machines will help accelerate LightPath's presence in the drone and UAV infrared imaging market [3]