In a report released yesterday, Ruben Roy from Stifel Nicolaus maintained a Buy rating on Lumentum Holdings (LITE – Research Report), with a price target of $100.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Ruben Roy has given his Buy rating due to a combination of factors that highlight Lumentum Holdings’ promising financial outlook and strategic advancements. The company recently raised its guidance for the fourth quarter of fiscal year 2025, with increased revenue, operating margin, and earnings per share estimates. This optimistic outlook is attributed to robust performance across Lumentum’s core business areas, driven by effective execution and streamlined project management.
Additionally, Lumentum’s expansion in EML capacity and its strategic focus on AI-driven demand are expected to sustain growth. The company’s long-term revenue targets have been accelerated, indicating a positive trajectory in product development and market adoption. Management’s confidence in achieving significant revenue milestones ahead of schedule, coupled with anticipated growth in data communication and telecom sectors, further supports the Buy rating. These factors collectively suggest a strong potential for future performance, making Lumentum Holdings an attractive investment opportunity.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $75.00 price target.
LITE’s price has also changed moderately for the past six months – from $94.900 to $80.280, which is a -15.41% drop .