On Nov 09, major Wall Street analysts update their ratings for $Lumentum (LITE.US)$, with price targets ranging from $60 to $115.
J.P. Morgan analyst Samik Chatterjee maintains with a buy rating, and adjusts the target price from $76 to $90.
BofA Securities analyst Vivek Arya maintains with a sell rating, and adjusts the target price from $45 to $60.
Needham analyst Ryan Koontz initiates coverage with a buy rating, and sets the target price at $110.
Stifel analyst Ruben Roy maintains with a buy rating, and adjusts the target price from $62 to $95.
Craig-Hallum analyst Richard Shannon maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Lumentum (LITE.US)$'s main analysts recently are as follows:
Lumentum has reported 'strong results' with sales and pro-forma EPS surpassing expectations by 10% and 30%, respectively, in the quarter ending in December. However, this growth spurt appears to come with significant expenses, as the expansion of gross margins seems to be on a less robust track than previously estimated, and operational expenditures are anticipated to increase.
Here are the latest investment ratings and price targets for $Lumentum (LITE.US)$ from 6 analysts:
Note:
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