Rosenblatt Securities Forecasts Strong Price Appreciation for Lumentum (NASDAQ:LITE) Stock

Lumentum (NASDAQ:LITE) had its price target boosted by Rosenblatt Securities to $580.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price target indicates a potential upside of 14.98% from the company’s previous close.

LITE has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Morgan Stanley increased their target price on Lumentum to $350.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. B. Riley raised Lumentum from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $147.00 to $526.00 in a research report on Wednesday. Northland Securities set a $350.00 price target on shares of Lumentum in a research note on Wednesday, December 3rd. Finally, Wolfe Research restated an “outperform” rating and set a $240.00 price objective on shares of Lumentum in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and an average price target of $423.00.

Lumentum Stock Up 8.4%

Shares of Lumentum stock opened at $504.42 on Wednesday. Lumentum has a 1 year low of $45.65 and a 1 year high of $507.55. The firm has a market cap of $35.76 billion, a price-to-earnings ratio of 154.73 and a beta of 1.51. The company has a 50-day moving average of $363.15 and a 200 day moving average of $234.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 1.02.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the prior year, the company earned $0.42 earnings per share. The business’s revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, sell-side analysts anticipate that Lumentum will post 0.03 earnings per share for the current fiscal year.

Insider Activity at Lumentum

In other news, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $270.39, for a total value of $2,703,900.00. Following the completion of the sale, the director directly owned 12,037 shares in the company, valued at $3,254,684.43. The trade was a 45.38% 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, SVP Jae Kim sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total transaction of $41,820.00. Following the transaction, the senior vice president directly owned 38,400 shares of the company’s stock, valued at $9,446,400. The trade was a 0.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 17,180 shares of company stock worth $4,551,380. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Lumentum

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Lumentum by 6.4% in the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after acquiring an additional 47 shares during the period. Oregon Public Employees Retirement Fund boosted 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 purchasing an additional 60 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Lumentum by 0.4% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock valued at $2,532,000 after purchasing an additional 64 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake 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 valued at $76,000 after purchasing an additional 76 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in shares of Lumentum in the 4th quarter worth approximately $28,000. 94.05% of the stock is owned by institutional investors.

Lumentum News Roundup

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.