$Lumentum(LITE)$ Following Lum

$Lumentum(LITE)$ Following Lumentum's latest earnings report, several analysts have taken a bullish stance on the stock.

Wolfe Research analyst George Notter maintained 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.

This adds to the optimism around Lumentum's earnings trajectory and its position in the AI infrastructure boom.

More broadly, analysts remain bullish, giving Lumentum a Strong Buy rating. 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 stands at $1,111.41, implying potential upside of 21.5%. Meanwhile, the Street High target sits at $1,400 and points to a possible gain of 53% from current levels.

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