Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

3 of Wall Street’s Favorite Stocks We’re Skeptical Of

EXAS Cover Image

The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%. But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.

At StockStory, we look beyond the headlines with our independent analysis to determine whether these bullish calls are justified. That said, here are three stocks where Wall Street may be overlooking some important risks and some alternatives with better fundamentals.

Exact Sciences (EXAS)

Consensus Price Target: $62.97 (34.7% implied return)

With a mission to detect cancer earlier when it's more treatable, Exact Sciences (NASDAQ: EXAS) develops and markets cancer screening and diagnostic tests, including its flagship Cologuard stool-based colorectal cancer screening test.

Why Does EXAS Worry Us?

  1. Cash-burning history makes us doubt the long-term viability of its business model
  2. Push for growth has led to negative returns on capital, signaling value destruction

Exact Sciences is trading at $46.76 per share, or 63.9x forward P/E. Check out our free in-depth research report to learn more about why EXAS doesn’t pass our bar.

DigitalBridge (DBRG)

Consensus Price Target: $16.50 (46.4% implied return)

Transforming from a traditional real estate investor to a digital-focused powerhouse in 2021, DigitalBridge Group (NYSE: DBRG) is a global digital infrastructure investment firm that manages capital and operates assets across data centers, cell towers, fiber networks, and edge infrastructure.

Why Does DBRG Give Us Pause?

  1. Annual sales declines of 17.6% for the past five years show its products and services struggled to connect with the market during this cycle
  2. Underwhelming 0.4% return on equity reflects management’s difficulties in finding profitable growth opportunities

DigitalBridge’s stock price of $11.27 implies a valuation ratio of 1.4x forward P/E. Read our free research report to see why you should think twice about including DBRG in your portfolio.

Franklin BSP Realty Trust (FBRT)

Consensus Price Target: $14.70 (29.4% implied return)

Operating as a specialized real estate investment trust (REIT) with roots dating back to 2012, Franklin BSP Realty Trust (NYSE: FBRT) originates and manages a diversified portfolio of commercial real estate debt investments secured by properties in the United States and abroad.

Why Do We Think FBRT Will Underperform?

  1. Products and services are facing significant end-market challenges during this cycle as sales have declined by 3.7% annually over the last two years
  2. Earnings per share decreased by more than its revenue over the last two years, showing each sale was less profitable
  3. Loan losses and capital returns have eroded its tangible book value per share this cycle as its tangible book value per share declined by 2.9% annually over the last five years

At $11.36 per share, Franklin BSP Realty Trust trades at 0.8x forward P/B. To fully understand why you should be careful with FBRT, check out our full research report (it’s free).

Stocks We Like More

Donald Trump’s April 2025 "Liberation Day" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities.

The smart money is already positioning for the next leg up. Don’t miss out on the recovery - check out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025).

Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

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