Titan Partners initiated coverage of Lightwave Logic (LWLG) with a Buy rating and an $8 price target. Analyst Scott Buck cited the potential of its electro-optic polymer materials, designed to enable faster, more power-efficient silicon photonics modulators.
The firm expects the stock to appreciate as Lightwave Logic’s initial Stage 3 programs transition into production agreements. The new coverage could increase investor attention to the company’s growth prospects in the photonics industry.