B. Riley analyst Dave Kang raised the firm’s price target on Lumentum (LITE) to $73 from $65 and keeps a Neutral rating on the shares. The company raised its fiscal Q4 outlook with the cloud segment likely providing most of the upside, the analyst tells investors in a research note. The firm keeps a Neutral on the shares due to valuation.
Claim 55% Off TipRanks
Trade LITE with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LITE:
- Lumentum price target raised to $76 from $70 at Morgan Stanley
- Lumentum price target raised to $105 from $94 at Rosenblatt
- Lumentum Holdings: Hold Rating Amid Valuation Concerns and Competitive Pressures
- Closing Bell Movers: Guidewire up 11% after Q3 beat, guidance raise
- Lumentum Holdings Updates Revenue Guidance for June 2025