Lumentum (NASDAQ:LITE) Stock Price Expected to Rise, BNP Paribas Exane Analyst Says

Key Points

• BNP Paribas Exane raised its price target to $1,300 for Lumentum, implying about a 33% upside, and joins other brokers lifting targets (Loop Capital $1,400; Rosenblatt $1,300) while the consensus target sits at $912.42 with a "Moderate Buy" rating (13 Buys, 7 Holds).
• Quarterly results showed an EPS beat ($2.37 vs. $2.27) and revenue up 90.1% year‑over‑year, and management set Q4 guidance of $2.85–$3.05 EPS—above Street estimates—citing strong AI/data‑center demand.
• Shares trade near $975 with a market cap of ~$69.6B and a high P/E (~299); insiders have sold stock recently while institutional investors own about 94% of the shares, highlighting heavy positioning and potential near‑term volatility after a large run‑up.

Lumentum (NASDAQ:LITE - Get Free Report) had its target price increased by analysts at BNP Paribas Exane from $1,040.00 to $1,300.00 in a research report issued on Wednesday,MarketScreener reports. BNP Paribas Exane's price objective suggests a potential upside of 33.31% from the company's previous close.

Several other analysts also recently commented on the stock. UBS Group raised their price objective on shares of Lumentum from $215.00 to $455.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Rosenblatt Securities raised their target price on Lumentum from $900.00 to $1,300.00 and gave the company a "buy" rating in a research report on Wednesday. Mizuho raised their price target on shares of Lumentum from $750.00 to $930.00 and gave the company an "outperform" rating in a report on Wednesday, April 8th. Bank of America upped their price objective on shares of Lumentum to $520.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Finally, Loop Capital lifted their price target on Lumentum from $900.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $912.42.

Lumentum Stock Down 2.0%

Shares of NASDAQ LITE opened at $975.16 on Wednesday. The stock has a market capitalization of $69.63 billion, a P/E ratio of 299.16 and a beta of 1.53. The stock's fifty day moving average is $766.66 and its 200 day moving average is $492.31. Lumentum has a 52 week low of $60.38 and a 52 week high of $1,021.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61.

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

Insiders Place Their Bets

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of Lumentum 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 completion of the transaction, the insider directly owned 88,439 shares of the company's stock, valued at $47,580,182. This trade represents a 3.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Wajid Ali sold 5,302 shares of the company's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the sale, the chief financial officer owned 66,287 shares in the company, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,775 shares of company stock valued at $38,851,343 over the last quarter. Corporate insiders own 0.43% of the company's stock.

Institutional Trading of Lumentum

Hedge funds have recently bought and sold shares of the stock. Hilton Head Capital Partners LLC acquired a new position in Lumentum during the 1st quarter valued at approximately $25,000. Sachetta LLC increased its position in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after acquiring an additional 19 shares during the last quarter. Wiser Advisor Group LLC boosted its position in shares of Lumentum by 6,000.0% during the 1st quarter. Wiser Advisor Group LLC now owns 61 shares of the technology company's stock worth $43,000 after purchasing an additional 60 shares during the period. SJS Investment Consulting Inc. grew its stake in shares of Lumentum by 687.5% in the first quarter. SJS Investment Consulting Inc. now owns 63 shares of the technology company's stock valued at $44,000 after buying an additional 55 shares in the last quarter. Finally, Truvestments Capital LLC raised its stake in shares of Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock valued at $28,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other 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: 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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