Northland raised the firm’s price target on Lumentum (LITE) to $350 from $250 and keeps an Outperform rating on the shares. The firm is raising price targets on several suppliers of lasers/external light sources and other components for scale up Co-Packaged Optics solutions based on Marvell’s (MRVL) $3.25B baseline and $5.5B all in acquisition of start up Celestial AI, the analyst tells investors.
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