In a report released today, Gregory Williams from TD Cowen maintained a Hold rating on Lumen Technologies, with a price target of $7.00.
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Gregory Williams has given his Hold rating due to a combination of factors surrounding Lumen Technologies. The company is expected to report third-quarter results that align with expectations and maintain its guidance for 2025, suggesting a robust performance in the fourth quarter.
Despite a significant increase in share price driven by strategic partnerships in AI and asset sales, Williams remains cautious. He emphasizes the need for tangible evidence of revenue growth and highlights the importance of managing upcoming debt maturities, which influences his decision to maintain a Hold rating.
Williams covers the Communication Services sector, focusing on stocks such as Echostar, T Mobile US, and Lumen Technologies. According to TipRanks, Williams has an average return of -0.3% and a 38.46% success rate on recommended stocks.
In another report released on October 23, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $6.50 price target.