Gregory Williams, an analyst from TD Cowen, maintained the Hold rating on Lumen Technologies (LUMN – Research Report). The associated price target remains the same with $6.00.
Gregory Williams has given his Hold rating due to a combination of factors surrounding Lumen Technologies’ recent performance and future prospects. The company reported strong first-quarter results for 2025, with revenue and EBITDA exceeding expectations and maintaining guidance. However, despite these positive indicators, management expressed caution due to macroeconomic uncertainties, choosing not to raise EBITDA guidance at this time.
Additionally, while Lumen is making strides with its innovative service offerings and has shown growth in its North American Enterprise segment, there are still challenges. The company faces volatility in capital expenditures and free cash flow, and the reclassification of business segments has made comparisons difficult. These mixed signals, alongside the ongoing transition and potential for future growth, contribute to Williams’s decision to maintain a Hold rating, suggesting investors should wait for more consistent proof of performance before making further investment decisions.
According to TipRanks, Williams is an analyst with an average return of -3.7% and a 43.26% success rate. Williams covers the Communication Services sector, focusing on stocks such as Lumen Technologies, Cable ONE, and AT&T.