Mizuho analyst Vijay Rakesh initiated coverage of Lumentum (LITE) with an Outperform rating and $290 price target The company is a leading optical communications and laser supplier, serving data center, telecom, and other end markets that are benefiting from surging artificial intelligence demand, the analyst tells investors in a research note. The firm sees accelerating demand for Lumentum’s optical circuit switches driving above-consensus growth post fiscal 2026.
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