TD Cowen analyst Sean O’Loughlin raised the firm’s price target on Lumentum (LITE) to $995 from $875 and keeps a Hold rating on the shares. The firm said significant upside in guide likely failed to clear the very-high bar set by many bulls, but they see this as positioning driven as numbers come up materially for F2027.
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- Needham’s O’Loughlin Maintains Hold on Lumentum but Lifts Price Target to $995 Amid Strong Demand Outpacing Capacity
- Lumentum reports Q3 adjusted EPS $2.37, consensus $2.27
- Lumentum sees Q4 adjusted EPS $2.85-$3.05, consensus $2.69
- Notable companies reporting after market close
- Lumentum options imply 9.9% move in share price post-earnings