Lumentum Holdings (LITE) Tops Q4 EPS by 4c; offers guidance
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Lumentum (LITE) PT Raised to $69 at Rosenblatt
August 15, 2024 6:51 AM EDTRosenblatt analyst Mike Genovese raised the price target on Lumentum (NASDAQ: LITE) to $69.00 (from $65.00) while maintaining a Buy rating.
The analyst comments "Lumentum turned in a surprising 4Q24 beat and 1Q25 raise with strength in its Networking & Cloud segment. The Industrial Tech segment missed due to ongoing weakness in... More
Lumentum (LITE) PT Raised to $70 at Needham
August 15, 2024 6:28 AM EDTNeedham analyst Alex Henderson raised the price target on Lumentum (NASDAQ: LITE) to $70.00 (from $65.00) while maintaining a Buy rating.
The analyst comments "Lumentum posted slight upside to CY2Q/FY4Q Revenues and EPS against very depressed guidance around... More
Lumentum (LITE) PT Raised to $50 at BofA Securities
August 15, 2024 6:25 AM EDTBofA Securities analyst Vivek Arya raised the price target on Lumentum (NASDAQ: LITE) to $50.00 (from $45.00) while maintaining a Underperform rating.
The analyst comments "We like the: 1) nascent signs of legacy telco bottoming and 2) improving chances of building an AI transceiver foothold (second unnamed... More
Lumentum (LITE) PT Raised to $65 at Jefferies
August 15, 2024 5:50 AM EDTJefferies analyst George Notter raised the price target on Lumentum (NASDAQ: LITE) to $65.00 (from $53.00) while maintaining a Buy rating.
The analyst comments "June was the trough quarter. More importantly, the world is coming to Lumentum as larger and larger GPU clusters require... More
