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Lumentum (LITE) Stock Forecast & Price Target

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$47.19
+1.14 (+2.48%)
(As of 05:29 PM ET)
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Lumentum - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 12 Analyst Ratings

Consensus Price Target

$52.25
10.72% Upside
High Forecast$65.00
Average Forecast$52.25
Low Forecast$38.00
TypeCurrent Forecast
5/21/23 to 5/20/24		1 Month Ago
4/21/23 to 4/20/24		3 Months Ago
2/20/23 to 2/20/24		1 Year Ago
5/21/22 to 5/21/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
5 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
8 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$52.25$52.69$51.86$58.27
Forecasted Upside10.72% Upside14.62% Upside11.88% Upside14.73% Upside

LITE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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LITE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Lumentum Stock vs. The Competition

TypeLumentumComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.42
2.59
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside10.86% Upside183.48% Upside7.91% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/20/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$60.00 ➝ $55.00+19.44%
5/7/2024B. Riley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$41.00 ➝ $40.00-4.76%
5/7/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetUnderweight ➝ Underweight$40.00 ➝ $38.00-11.07%
4/11/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$62.00 ➝ $57.00+25.72%
4/1/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$51.50 ➝ $58.00+22.39%
4/1/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$62.00+30.01%
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2/9/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetPositive ➝ Positive$65.00 ➝ $60.00+25.94%
2/9/2024Rosenblatt Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$60.00 ➝ $65.00+42.59%
12/22/2023Craig Hallum
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy
10/27/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$55.00 ➝ $45.00+25.56%
10/10/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetUnderperform ➝ Underperform$50.00 ➝ $45.00+5.78%
8/18/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$48.00 ➝ $49.00+6.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:10 PM ET.

LITE Frequently Asked Questions

What is Lumentum's stock forecast and purchase recommendation?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Lumentum is $52.25, with a high forecast of $65.00 and a low forecast of $38.00. The consensus rating for Lumentum stock is Hold based on the current 2 sell ratings, 3 hold ratings and 7 buy ratings for LITE. Learn more on LITE's analyst rating history.

Do Wall Street analysts like Lumentum more than its competitors?

Analysts like Lumentum less than other "computer and technology" companies. The consensus rating for Lumentum is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how LITE compares to other companies.

Does Lumentum's stock price have much upside?

According to analysts, Lumentum's stock has a predicted upside of 17.33% based on their 12-month stock forecasts.

What analysts cover Lumentum?

Lumentum has been rated by research analysts at B. Riley, Barclays, JPMorgan Chase & Co., Needham & Company LLC, Raymond James, and Stifel Nicolaus in the past 90 days.


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This page (NASDAQ:LITE) was last updated on 5/20/2024 by MarketBeat.com Staff

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