Stifel Nicolaus Forecasts Strong Price Appreciation for Lumentum (NASDAQ:LITE) Stock

Lumentum (NASDAQ:LITE) had its price objective lifted by stock analysts at Stifel Nicolaus to $480.00 in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price objective points to a potential downside of 4.84% from the company’s current price.

Several other analysts have also weighed in on LITE. B. Riley raised Lumentum from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $147.00 to $526.00 in a report on Wednesday. Northland Securities set a $350.00 target price on Lumentum in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. upped their price target on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Susquehanna lifted their price objective on shares of Lumentum from $230.00 to $420.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $423.00.

Lumentum Stock Up 8.4%

LITE stock opened at $504.42 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $363.15 and a 200-day simple moving average of $234.43. The company has a market capitalization of $35.76 billion, a P/E ratio of 154.73 and a beta of 1.51. Lumentum has a twelve month low of $45.65 and a twelve month high of $507.55.

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

Insider Buying and Selling

In related news, insider Yuen Wupen sold 822 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total value of $212,865.12. Following the sale, the insider owned 95,077 shares of the company’s stock, valued at $24,621,139.92. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela Fletcher sold 3,421 shares of Lumentum 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 completion of the sale, the director owned 10,561 shares in the company, valued at approximately $2,888,750.33. This represents a 24.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,180 shares of company stock valued at $4,551,380 over the last three months. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in Lumentum in the 4th quarter worth approximately $28,000. Chesapeake Asset Management LLC bought a new stake in Lumentum during the 4th quarter valued at $37,000. BOCHK Asset Management Ltd acquired a new position in Lumentum during the 4th quarter worth $37,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Lumentum during the 4th quarter worth $55,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

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.