On July 8, 2025, Lumentum Holdings (LITE, Financial), a key player in the optical and photonic products market, received a significant boost as Wolfe Research initiated coverage on the stock. The initiation was led by analyst George Notter, who has awarded Lumentum Holdings an "Outperform" rating.
Wolfe Research is known for its detailed analysis and insights in the technology sector, making this initiation noteworthy. Although there is no current price target set for LITE, the "Outperform" rating indicates the analyst's confidence in the stock's potential to perform better than the market average.
Investors following Lumentum Holdings (LITE, Financial) may view this new coverage as a positive signal, potentially impacting the stock's movement in the coming days. The company's performance will be closely monitored to see if it aligns with Wolfe Research's optimistic outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Lumentum Holdings Inc (LITE, Financial) is $95.06 with a high estimate of $120.00 and a low estimate of $73.00. The average target implies an upside of 2.79% from the current price of $92.48. More detailed estimate data can be found on the Lumentum Holdings Inc (LITE) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Lumentum Holdings Inc's (LITE, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lumentum Holdings Inc (LITE, Financial) in one year is $73.65, suggesting a downside of 20.36% from the current price of $92.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lumentum Holdings Inc (LITE) Summary page.
