Lumentum (NASDAQ:LITE) Price Target Raised to $580.00

Lumentum (NASDAQ:LITE) had its target price increased by Rosenblatt Securities to $580.00 in a report released on Wednesday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

Several other brokerages have also recently weighed in on LITE. Mizuho set a $455.00 price target on shares of Lumentum in a research report on Friday, January 9th. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Barclays upped their price target on Lumentum from $181.00 to $365.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Needham & Company LLC increased their price target on Lumentum to $550.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price objective on shares of Lumentum to $350.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average price target of $444.94.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $551.99 on Wednesday. Lumentum has a twelve month low of $45.65 and a twelve month high of $558.38. The stock’s 50 day moving average is $367.68 and its 200-day moving average is $237.54. The company has a quick ratio of 1.02, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $39.41 billion, a price-to-earnings ratio of 169.32 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. During the same quarter in the previous year, the business posted $0.42 EPS. Lumentum’s quarterly revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Sell-side analysts forecast that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Activity at Lumentum

In related news, insider Yuen Wupen sold 822 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total value of $212,865.12. Following the transaction, the insider owned 95,077 shares in the company, valued at approximately $24,621,139.92. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela Fletcher sold 3,421 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the transaction, the director directly owned 10,561 shares in the company, valued at $2,888,750.33. This represents a 24.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,180 shares of company stock valued at $4,551,380 in the last three months. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Institutional investors have recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC purchased a new position in shares of Lumentum in the fourth quarter worth about $3,669,000. FourThought Financial Partners LLC purchased a new position in Lumentum in the 4th quarter valued at approximately $217,000. Global Retirement Partners LLC grew its stake in Lumentum by 95.6% in the 4th quarter. Global Retirement Partners LLC now owns 4,321 shares of the technology company’s stock valued at $1,593,000 after buying an additional 2,112 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Lumentum during the fourth quarter worth $96,000. Finally, Pinkerton Wealth LLC bought a new position in shares of Lumentum in the fourth quarter worth $1,553,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: JPMorgan raised its price target to $565 and kept an “overweight” rating, signaling confidence in additional upside from Lumentum. JPMorgan raises PT to $565
• Positive Sentiment: Citigroup raised its price target to $560 and maintained a “buy” rating, supporting the bullish analyst momentum. Citigroup raises PT to $560
• Positive Sentiment: Northland published a much higher FY2027 EPS projection ($10.69 vs. street consensus near $0.03), reflecting expectations for sustained margin expansion and accelerated revenue — a strong forward signal for investors. Northland FY2027 EPS estimate
• Positive Sentiment: Company results: Q2 FY2026 reported EPS of $1.67 (vs. $1.41 consensus) and revenue $665.5M (vs. $646.7M); management set Q3 EPS guidance of $2.15–$2.35 — these beats and the guide raise are the core fundamental reason the stock is rising. Earnings call transcript
• Positive Sentiment: Sector/market tailwind: coverage highlighting hyperscaler capex “explosion” points to strong demand for Lumentum’s optical components, bolstering revenue growth expectations. Capex tailwind article
• Neutral Sentiment: Press pieces noting Lumentum hit new all-time highs and extended a multi-day winning streak after earnings — confirms market momentum but is descriptive rather than new catalyst. All-time high coverage
• Neutral Sentiment: Fund/strategy commentary (e.g., Fidelity growth strategy mentions) highlights Lumentum as a high-growth name, supporting institutional interest but not an immediate catalyst. Fund commentary
• Negative Sentiment: B. Riley upgraded Lumentum to “buy” but set a $526 price target (below the stock’s current level), implying limited near-term upside from that shop’s perspective and introducing a potential anchor on further gains. B. Riley upgrade and PT $526

About Lumentum

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.