Rating
BUY
12- Month Target Price
$5.25
Luna Innovations Inc. (LUNA)
LUNA is an investment play on the higher demand for higher bandwidth in data communications and data centers and the growing use of composites and other advanced materials. The company is already on a double-digit growth path which could further accelerate, given recent M&A and internal investments. We initiate with a BUY rating and a $5.25 price target.
* Numbers may not add up due to rounding.
Luna Innovations Inc. develops and markets fiber optic sensing and test and measurement products worldwide. The