Lumentum Holdings Inc (LITEV) Downgraded to Sell at Goldman Sachs Group Inc.
Other analysts have also recently issued research reports about the stock. MKM Partners reissued a buy rating and set a $32.00 target price (up previously from $28.00) on shares of Lumentum Holdings in a research note on Friday, July 22nd. Stifel Nicolaus reaffirmed a buy rating and set a $42.00 price objective (up previously from $31.00) on shares of Lumentum Holdings in a research note on Thursday, August 11th. Needham & Company LLC reaffirmed a strong-buy rating on shares of Lumentum Holdings in a research note on Tuesday, July 26th. Finally, Barclays PLC reaffirmed an underweight rating and set a $30.00 price objective (up previously from $23.00) on shares of Lumentum Holdings in a research note on Thursday, August 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $30.94.
Lumentum Holdings (NASDAQ:LITEV) remained flat at $23.45 on Wednesday. The stock’s 50-day moving average is $20.13 and its 200-day moving average is $20.13. Lumentum Holdings has a one year low of $17.00 and a one year high of $26.88.
Lumentum Holdings Company Profile
Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).
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