Bank of America Raises Lumentum (NASDAQ:LITE) Price Target to $520.00

Lumentum (NASDAQ:LITE) had its price target hoisted by research analysts at Bank of America to $520.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Bank of America‘s price objective would suggest a potential upside of 3.09% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Barclays raised their target price on Lumentum from $181.00 to $365.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Stifel Nicolaus increased their price target on shares of Lumentum from $220.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Raymond James Financial downgraded shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a research report on Friday, October 31st. Wolfe Research reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Finally, Mizuho lifted their price target on shares of Lumentum to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $423.00.

Lumentum Price Performance

Shares of LITE opened at $504.42 on Wednesday. The firm has a market capitalization of $35.76 billion, a price-to-earnings ratio of 154.73 and a beta of 1.51. The firm’s fifty day simple moving average is $363.15 and its 200-day simple moving average is $234.43. Lumentum has a twelve month low of $45.65 and a twelve month high of $507.55. The company has a current ratio of 0.61, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06.

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

Insider Activity

In other news, Director Pamela Fletcher sold 3,421 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total transaction of $935,746.13. Following the transaction, the director directly owned 10,561 shares in the company, valued at $2,888,750.33. The trade was a 24.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Yuen Wupen sold 822 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the sale, the insider owned 95,077 shares of the company’s stock, valued at approximately $24,621,139.92. The trade was a 0.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 17,180 shares of company stock valued at $4,551,380. 0.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lumentum

A number of large investors have recently modified their holdings of LITE. Allworth Financial LP boosted its stake in shares of Lumentum by 6.4% in the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after buying an additional 47 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Lumentum by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock worth $5,208,000 after acquiring an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Lumentum by 0.4% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock valued at $2,532,000 after acquiring an additional 64 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Lumentum by 58.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock worth $76,000 after purchasing an additional 76 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Lumentum during the 4th quarter worth $28,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 results beat expectations — EPS and revenue topped estimates, revenue grew ~65% Y/Y and management issued Q3 guidance above Street forecasts, underpinning the rally. LITE Q2 earnings beat (Zacks)
• Positive Sentiment: Citigroup raised its price target to $560 and put a Buy rating on LITE, signaling further upside from analysts keyed to the strong quarter. Citigroup raises LITE PT to $560
• Positive Sentiment: Rosenblatt lifted its target to $580 (Buy), and Mizuho raised its target to $525 (Outperform) — multiple firms boosting targets reinforces bullish professional sentiment. Rosenblatt raises PT to $580 (Benzinga)
• Positive Sentiment: B. Riley and Zacks moved Lumentum toward stronger ratings (B. Riley upgrade; Zacks Rank #1 Strong Buy), adding conviction from sell‑side and quant shops. B. Riley upgrades LITE (MSN)
• Positive Sentiment: Institutional interest noted — Fidelity highlighted Lumentum in its Growth Strategies fund commentary, indicating buy-side recognition of LITE’s growth profile. Fidelity mentions LITE (InsiderMonkey)
• Neutral Sentiment: Bank of America raised its target to $520 but kept a Neutral rating — supportive but less bullish than some peers, reflecting varied analyst assumptions on sustainability of growth. BofA raises PT to $520 (Benzinga)
• Neutral Sentiment: Earnings call and transcripts are available for details on product mix, supply and AI-driven demand; read management commentary for signals on sustainability of the beat. Q2 2026 earnings call transcript (Seeking Alpha)
• Negative Sentiment: One shop (Stifel) set a $480 target — below current levels — which could cap upside if momentum stalls or guidance disappoints. Stifel sets PT $480 (TickerReport)
• Negative Sentiment: Some published targets remain well below the current price (e.g., an earlier $362.94 figure), illustrating dispersion in analyst views and the risk of volatile reactions to any downside surprises. Price target $362.94 (MSN)

Lumentum Company Profile

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.