Lumentum (NASDAQ:LITE) Price Target Raised to $560.00 at Citigroup

Lumentum (NASDAQ:LITE) had its price target lifted by analysts at Citigroup to $560.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 11.02% from the company’s previous close.

A number of other analysts have also recently commented on LITE. UBS Group reaffirmed a “neutral” rating on shares of Lumentum in a research note on Wednesday. Barclays set a $475.00 price target on Lumentum in a research note on Thursday. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Needham & Company LLC lifted their price objective on shares of Lumentum to $550.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Bank of America lifted their price target on Lumentum to $520.00 and gave the company a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $423.00.

Lumentum Stock Performance

Shares of LITE traded up $38.88 during trading hours on Thursday, reaching $504.42. 8,466,693 shares of the company’s stock traded hands, compared to its average volume of 5,218,685. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The firm has a market capitalization of $35.76 billion, a price-to-earnings ratio of 154.73 and a beta of 1.51. Lumentum has a twelve month low of $45.65 and a twelve month high of $507.55. The business’s fifty day simple moving average is $359.23 and its two-hundred day simple moving average is $232.54.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 16.88%. The company had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Analysts predict that Lumentum will post 0.03 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Pamela Fletcher sold 3,421 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total value of $935,746.13. Following the sale, the director owned 10,561 shares in the company, valued at $2,888,750.33. This represents a 24.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Isaac Hosojiro Harris sold 7,200 shares of Lumentum stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the sale, the director owned 9,764 shares of the company’s stock, valued at $2,375,776.48. The trade was a 42.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 28,612 shares of company stock worth $7,317,398 over the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Lumentum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Lumentum by 6.4% during the 3rd quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after purchasing an additional 47 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Lumentum by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock worth $5,208,000 after acquiring an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Lumentum by 0.4% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after acquiring an additional 64 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Lumentum by 58.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock valued at $76,000 after purchasing an additional 76 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in Lumentum during the 4th quarter worth $28,000. 94.05% of the stock is owned by institutional investors.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 beat and strong guidance — Lumentum posted EPS $1.67 vs. consensus $1.41 and revenue $665.5M (+65.5% YoY). Management gave Q3 EPS guidance of $2.15–$2.35 and revenue guidance $780M–$830M, notably above Street estimates — the core reason for the rally. LITE Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: AI demand cited as growth driver — analysts and company commentary point to accelerating AI-related demand for optical components; Seeking Alpha notes Lumentum expects Q3 revenue to top $805M as AI requirements ramp. Lumentum expects Q3 2026 revenue to surpass $805M as AI demand accelerates
• Positive Sentiment: Multiple analyst upgrades/price-target raises — B. Riley upgraded the stock and several firms (Mizuho, Rosenblatt, Bank of America, Stifel) raised targets or ratings after the results, lifting sentiment and supporting higher price levels. B Riley Securities upgrades Lumentum (LITE)
• Positive Sentiment: Analyst note roundup and market reaction — coverage noting upside has driven momentum (AmericanBankingNews and Benzinga roundups), including headlines of the stock hitting a new 12‑month high on upgrade news. Lumentum Hits New 12-Month High After Analyst Upgrade
• Neutral Sentiment: Formal materials and transcripts available — earnings call transcript, slide deck and presentations were posted (useful for modeling guidance detail and cadence but informational rather than surprise drivers). LITE Q2 2026 earnings call transcript
• Neutral Sentiment: Institutional recognition — Fidelity mentioned Lumentum in a fund investor letter as a high‑growth name, a positive signal for long-term interest but not an immediate earnings catalyst. What Makes Lumentum Holdings (LITE) a High-Growth Business?

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.