nLIGHT is trading at $35.00, down 4.14% on November 4, 2026, with no clear catalyst identified in available coverage. - Third-quarter results are scheduled after the November 5 close; an earnings preview highlights expectations for slower revenue growth. - Needham’s November 3 price-target cut from $90 to $50 is not established as the cause of the decline. - The broader market and semiconductor sector are sharply higher, so nLIGHT’s drop does not appear to track that positive trend.