Lumentum Holdings Inc. stocks have been trading up by 8.03 percent after upbeat demand outlook boosted investor confidence.
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Key Takeaways
- Deutsche Bank initiated Lumentum with a Buy rating and a bullish $1,200 target, calling its III-V laser tech critical across pluggables, CPO and NPO networking paths.
- Evercore ISI started coverage at Outperform with a $1,100 target, tying Lumentum directly to the AI accelerator connectivity bottleneck and diversified growth drivers.
- The CEO of Lumentum raised long-term guidance, pointing to $40 in potential fiscal 2028 earnings…
