Summary:
- Lumen Technologies partners with Google Cloud, boosting its cloud and networking services.
- LUMN stock rises by 2.2% post-announcement, with a potential upside of 52.73% according to analysts.
- GF Value suggests a moderate 5.07% increase from the current price.
Lumen Technologies (LUMN, Financial) has strategically allied with Google Cloud to significantly enhance its cloud and networking capacities. This partnership aims to empower Lumen to host its managed services on Google Cloud, establishing robust 400 Gbps fiber connections to an impressive network of over 50,000 locations. As a result of this promising collaboration, LUMN shares experienced a 2.2% uptick following the announcement.
Wall Street Analysts Forecast
According to insights from 11 analysts, the one-year price target for Lumen Technologies Inc (LUMN, Financial) averages at $5.12, with predictions ranging from a high of $6.83 to a low of $2.00. This average target suggests a potential upside of 52.73% from the current stock price of $3.35. Investors seeking more comprehensive projections can visit the Lumen Technologies Inc (LUMN) Forecast page.
The consensus from 13 brokerage firms positions Lumen Technologies Inc (LUMN, Financial) at an average recommendation of 2.9, which corresponds to a "Hold" status on the rating scale where 1 indicates a Strong Buy, and 5 signifies a Sell.
Utilizing GuruFocus estimates, the projected GF Value for Lumen Technologies Inc (LUMN, Financial) in the upcoming year is anticipated to be $3.52. This suggests a modest upside of 5.07% from its current trading price of $3.35. The GF Value represents GuruFocus' assessment of the fair trading value of the stock, derived from historical trading multiples, past business growth, and future business performance estimates. For a deeper dive into these metrics, investors may refer to the Lumen Technologies Inc (LUMN) Summary page.
