The Goldman Sachs Group Lowers Lumen Technologies (NYSE:LUMN) Price Target to $7.25

Lumen Technologies (NYSE:LUMN) had its price objective cut by equities researchers at The Goldman Sachs Group from $8.50 to $7.25 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 18.41% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Lumen Technologies from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Zacks Research lowered Lumen Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. TD Cowen lifted their target price on Lumen Technologies from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a research report on Friday, July 17th. Finally, Wells Fargo & Company reduced their price objective on shares of Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lumen Technologies currently has a consensus rating of “Reduce” and an average target price of $8.11.

Lumen Technologies Stock Down 8.7%

Shares of LUMN stock traded down $0.59 during trading on Wednesday, reaching $6.12. 14,275,066 shares of the company’s stock were exchanged, compared to its average volume of 13,551,638. The firm’s fifty day moving average price is $7.70 and its 200-day moving average price is $7.88. Lumen Technologies has a twelve month low of $3.63 and a twelve month high of $11.95. The stock has a market capitalization of $6.31 billion, a PE ratio of -3.51 and a beta of 1.78.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.74 billion. Lumen Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. As a group, analysts anticipate that Lumen Technologies will post -0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LUMN. Kemnay Advisory Services Inc. bought a new stake in Lumen Technologies in the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in shares of Lumen Technologies during the fourth quarter worth $30,000. Versant Capital Management Inc lifted its holdings in Lumen Technologies by 90.3% in the second quarter. Versant Capital Management Inc now owns 3,920 shares of the technology company’s stock valued at $30,000 after buying an additional 1,860 shares during the period. Ascentis Independent Advisors bought a new stake in Lumen Technologies during the first quarter valued at $27,000. Finally, Trust Asset Management LLC bought a new position in shares of Lumen Technologies in the 2nd quarter worth about $34,000. 66.19% of the stock is owned by institutional investors.

Key Headlines Impacting Lumen Technologies

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: Lumen reported a second-quarter adjusted loss of $0.07 per share, narrower than analysts’ estimates of approximately $0.13–$0.15, while revenue of $2.81 billion exceeded expectations of $2.74 billion. Free cash flow turned positive, and the company maintained its full-year outlook, including its $1.9 billion–$2.1 billion free-cash-flow target. Lumen Posts Narrower-Than-Expected Q2 Loss, Revenues Drop Y/Y
• Positive Sentiment: The company’s strategic revenue increased 14.1% and now represents more than half of its business, supported by accelerating Network-as-a-Service adoption and the Alkira acquisition. This progress reinforces Lumen’s shift toward higher-margin digital, cloud and AI networking services. Lumen beats revenue estimates on strong digital networking demand
• Positive Sentiment: Lumen appointed John M. Hinshaw to its board, adding experience from HSBC, Hewlett-Packard, Boeing and Verizon Wireless in technology, security, operations and digital transformation. Lumen Appoints John M. Hinshaw to Board
• Neutral Sentiment: Management emphasized that it is still working to quantify Alkira’s contribution and plans to provide more detailed revenue guidance with its 2027 outlook, leaving some uncertainty around the pace of the transformation.
• Negative Sentiment: Despite the earnings beat, total revenue fell 9.3% year over year to $2.81 billion, while legacy-business declines continue to pressure EBITDA and the company posted a net loss. Investors may be concerned that growth in strategic services is not yet offsetting the broader business contraction.
• Negative Sentiment: Wells Fargo lowered its LUMN price target from $9.00 to $7.50 and assigned an “equal weight” rating. The reduced target likely reinforced a cautious tone around Lumen’s execution, legacy wind-down and valuation. Wells Fargo Lumen Analyst Action

Lumen Technologies Company Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.