Citigroup Raises Lumentum (NASDAQ:LITE) Price Target to $560.00

Lumentum (NASDAQ:LITE) had its price target raised by stock analysts at Citigroup to $560.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup’s price target would suggest a potential upside of 1.45% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Needham & Company LLC raised their price target on shares of Lumentum to $550.00 and gave the company a “buy” rating in a research report on Wednesday. Rosenblatt Securities increased their price objective on shares of Lumentum to $580.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group boosted their target price on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research note on Wednesday. Raymond James Financial downgraded Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target for the company. in a research report on Friday, October 31st. Finally, Mizuho lifted their price target on Lumentum to $525.00 and gave the stock an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $444.94.

Lumentum Stock Performance

Shares of LITE opened at $551.99 on Thursday. The firm has a market capitalization of $39.41 billion, a P/E ratio of 169.32 and a beta of 1.51. Lumentum has a 52 week low of $45.65 and a 52 week high of $558.38. The stock has a 50 day moving average price of $367.68 and a two-hundred day moving average price of $237.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 0.61.

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

Insider Transactions at Lumentum

In other Lumentum news, Director Julia Suzanne Johnson sold 10,000 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the completion of the transaction, the director owned 12,037 shares in the company, valued at $3,254,684.43. This trade represents a 45.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pamela Fletcher sold 3,421 shares of Lumentum stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the transaction, the director owned 10,561 shares of the company’s stock, valued at $2,888,750.33. The trade was a 24.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,180 shares of company stock worth $4,551,380 over the last 90 days. 0.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of Lumentum during the fourth quarter worth $28,000. Chesapeake Asset Management LLC purchased a new stake in Lumentum during the 4th quarter worth about $37,000. BOCHK Asset Management Ltd purchased a new position in Lumentum during the 4th quarter valued at about $37,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Lumentum during the 4th quarter valued at about $55,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: JPMorgan raised its price target to $565 and kept an “overweight” rating, signaling confidence in additional upside from Lumentum. JPMorgan raises PT to $565
• Positive Sentiment: Citigroup raised its price target to $560 and maintained a “buy” rating, supporting the bullish analyst momentum. Citigroup raises PT to $560
• Positive Sentiment: Northland published a much higher FY2027 EPS projection ($10.69 vs. street consensus near $0.03), reflecting expectations for sustained margin expansion and accelerated revenue — a strong forward signal for investors. Northland FY2027 EPS estimate
• Positive Sentiment: Company results: Q2 FY2026 reported EPS of $1.67 (vs. $1.41 consensus) and revenue $665.5M (vs. $646.7M); management set Q3 EPS guidance of $2.15–$2.35 — these beats and the guide raise are the core fundamental reason the stock is rising. Earnings call transcript
• Positive Sentiment: Sector/market tailwind: coverage highlighting hyperscaler capex “explosion” points to strong demand for Lumentum’s optical components, bolstering revenue growth expectations. Capex tailwind article
• Neutral Sentiment: Press pieces noting Lumentum hit new all-time highs and extended a multi-day winning streak after earnings — confirms market momentum but is descriptive rather than new catalyst. All-time high coverage
• Neutral Sentiment: Fund/strategy commentary (e.g., Fidelity growth strategy mentions) highlights Lumentum as a high-growth name, supporting institutional interest but not an immediate catalyst. Fund commentary
• Negative Sentiment: B. Riley upgraded Lumentum to “buy” but set a $526 price target (below the stock’s current level), implying limited near-term upside from that shop’s perspective and introducing a potential anchor on further gains. B. Riley upgrade and PT $526

About Lumentum

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.