On CNBC’s “Mad Money Lightning Round,” Jim Cramer said nLIGHT, Inc. (NASDAQ:LASR) is a “speculative buy” here.

As per recent news, nLIGHT announced on July 9 that it has been selected for a Joint Laser Weapon System OTA agreement supporting the U.S. Department of War’s next-generation cruise missile defense architecture.

Craig-Hallum analyst Greg Palm maintained nLight with a Buy and raised the price target from $80 to $100, while Needham analyst James Ricchiuti increased the price target from $80 to $90.

When asked about Duolingo, Inc. (NASDAQ:DUOL), he said, “There’s too many ways to be able to translate things now. I don’t need to learn any language.”

On the earnings front, Duolingo said it will announce results for the second quarter ending June 30, after the closing bell on Wednesday, Aug. 5.

Price Action:

• Duolingo shares gained 6.1% to settle at $132.34 on Monday.
• nLIGHT shares dipped 4.5% to close at $68.79 during the session.

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.