UBS lowered the firm’s price target on Lumentum (LITE) to $78 from $96 and keeps a Neutral rating on the shares. Lumentum reported a “mixed” quarter, but transceiver momentum and improvement in yields lifts the margin outlook, the analyst tells investors in a research note.
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
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LITE:
- Lumentum Holdings: Strong Financial Performance and Positive Outlook Drive Buy Rating
- Balancing Operational Strengths and Tariff Risks: Meta Marshall’s Hold Rating on Lumentum Holdings
- Lumentum price target raised to $75 from $70 at Barclays
- Lumentum Holdings Reports Strong Q3 2025 Results
- Closing Bell Movers: Sarepta falls 21% after earnings and guidance cut
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue