$Lumentum(LITE)$ TD Cowen and other analysts have turned bullish on Lumentum after its latest earnings report. Wolfe Research's George Notter kept a Buy rating on LITE with a $1,200 price target. J.P. Morgan's Joseph Cardoso reiterated a Buy rating and raised his target from $1,165 to $1,280. That adds to the optimism around Lumentum's earnings trajectory and its position in the AI infrastructure boom.
More broadly, analysts remain bullish with a Strong Buy consensus on Lumentum. Among 22 analysts covering the stock, 15 recommend a Strong Buy, two assign a Moderate Buy, and five suggest investors Hold. The average price target is $1,111.41, implying potential upside of 21.5%. The Street High target sits at $1,400, pointing to a possible gain of 53% from current levels. All very bullish for LITE.
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