Lumentum (NASDAQ:LITE) Price Target Raised to $1,130.00

Key Points

• JPMorgan raised its price target to $1,130 (from $950), implying about a 16.5% upside, and multiple brokers have lifted targets or reiterated buys, leaving a consensus "Moderate Buy" with a mean target of $912.42.
• Q3 results beat on EPS — Lumentum reported $2.37 EPS (+$0.10 vs. consensus) and ~90% YoY revenue growth, and it set Q4 FY2026 guidance of $2.85–$3.05 EPS, citing strong AI/data‑center demand.
• Despite the upbeat print, the stock trades near $970 with a ~302 PE after a large run‑up and notable insider selling (65,775 shares, ~$38.9M last quarter), highlighting potential short‑term volatility and positioning risk.

Lumentum (NASDAQ:LITE - Get Free Report) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $950.00 to $1,130.00 in a research note issued on Wednesday,MarketScreener reports. JPMorgan Chase & Co.'s price objective suggests a potential upside of 16.45% from the company's previous close.

Several other brokerages also recently commented on LITE. Mizuho boosted their target price on Lumentum from $750.00 to $930.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 8th. UBS Group increased their price objective on shares of Lumentum from $215.00 to $455.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Citigroup raised their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Susquehanna upped their price target on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a "positive" rating in a report on Monday, April 20th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $1,200.00 price target on shares of Lumentum in a research note on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $912.42.

Lumentum Stock Down 2.4%

NASDAQ LITE opened at $970.40 on Wednesday. The business has a fifty day moving average price of $766.66 and a two-hundred day moving average price of $492.31. The stock has a market capitalization of $69.29 billion, a PE ratio of 302.12 and a beta of 1.53. Lumentum has a fifty-two week low of $60.38 and a fifty-two week high of $1,021.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.05 million. During the same quarter last year, the company posted $0.57 EPS. The company's revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts expect that Lumentum will post 5.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lumentum news, Director Penny Herscher sold 4,849 shares of Lumentum stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $535.48, for a total value of $2,596,542.52. Following the sale, the director owned 6,057 shares of the company's stock, valued at approximately $3,243,402.36. The trade was a 44.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yuen Wupen sold 3,157 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the transaction, the insider directly owned 88,439 shares in the company, valued at $47,580,182. This represents a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 65,775 shares of company stock valued at $38,851,343. Insiders own 0.43% of the company's stock.

Institutional Investors Weigh In On Lumentum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sachetta LLC increased its stake in shares of Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after purchasing an additional 19 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum in the first quarter worth $25,000. Abel Hall LLC grew its position in shares of Lumentum by 5.5% in the first quarter. Abel Hall LLC now owns 693 shares of the technology company's stock valued at $487,000 after purchasing an additional 36 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Lumentum by 5.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 790 shares of the technology company's stock worth $555,000 after purchasing an additional 38 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in Lumentum by 2.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,553 shares of the technology company's stock worth $1,092,000 after purchasing an additional 44 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q3 EPS beat and strong profitability — Lumentum reported $2.37 EPS, topping estimates and showing large year‑over‑year improvement (vs $0.57 a year ago); net margin and ROE metrics improved, which underpins higher valuation expectations. MarketBeat earnings summary
• Positive Sentiment: Raised FY/Q4 guidance — Lumentum provided Q4 EPS guidance of $2.85–$3.05 versus consensus ~2.59, signaling continued AI/data‑center demand and setting expectations above Street views. Seeking Alpha guidance story
• Positive Sentiment: Analysts raise targets and reiterate buys — Loop Capital to $1,400, Rosenblatt to $1,300, Stifel to $1,100 (all buy), which gives multi‑hundred‑dollar upside scenarios cited by brokers and can support the stock after the print. Loop Capital note Rosenblatt / Stifel coverage
• Positive Sentiment: Company sees AI-driven revenue upside — Management and press note that AI/data‑center optics are driving demand, and some outlets report revenue forecasts above estimates tied to that secular trend. MSN: AI-driven demand
• Neutral Sentiment: Full earnings materials and transcript available — Call transcript, slide deck and press release provide management detail for investors doing deeper due diligence. Earnings call transcript
• Neutral Sentiment: Analyst commentary supports long‑term growth thesis — Notes from Zacks/Seeking Alpha highlight very strong YoY revenue growth (~90%) and rapid EPS expansion, arguing valuation reflects growth expectations. Zacks coverage
• Negative Sentiment: Revenue slightly missed Street estimate — Reported revenue $808.4M vs. consensus ~$810.0M; despite beat on EPS, the revenue shortfall and an outsized prior rally appear to have prompted profit‑taking. Yahoo: shares tumble
• Negative Sentiment: Short-term technical/positioning risk — After a massive YTD and 1‑year run, some outlets warn the bar is very high and volatility/mean reversion could pressure the stock in the near term. 247WallSt: surge caution

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.

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