Rosenblatt analyst Mike Genovese raised the firm’s price target on Lumentum (LITE) to $380 from $280 and keeps a Buy rating on the shares. The firm is increasing its estimates and price target after a recent meeting with management, telling investors that the firm sees Lumentum as “the single best positioned name in our coverage for AI scale up, scale out, and scale across.” For Lumentum, the firm’s estimates are 7% of ahead of consensus on FY26 and FY27 revenues, and 12% to 17% above on EPS, the analyst noted.
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