Lumentum (NASDAQ:LITE) Given New $560.00 Price Target at Citigroup

Lumentum (NASDAQ:LITE) had its price target hoisted by Citigroup to $560.00 in a research report released on Thursday,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

Several other research firms have also issued reports on LITE. Needham & Company LLC boosted their price target on Lumentum to $550.00 and gave the company a “buy” rating in a report on Wednesday. Susquehanna set a $550.00 target price on shares of Lumentum in a report on Wednesday. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Morgan Stanley upped their price target on shares of Lumentum to $350.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Finally, Bank of America raised their price objective on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $423.00.

Lumentum Stock Up 8.4%

Shares of LITE stock opened at $504.42 on Thursday. The company has a current ratio of 0.61, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. Lumentum has a 12 month low of $45.65 and a 12 month high of $507.55. The stock has a market cap of $35.76 billion, a P/E ratio of 154.73 and a beta of 1.51. The company has a 50 day simple moving average of $363.15 and a two-hundred day simple moving average of $234.43.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. The firm had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, research analysts expect that Lumentum will post 0.03 earnings per share for the current year.

Insider Transactions at Lumentum

In other news, SVP Jae Kim sold 1,367 shares of Lumentum stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $234.14, for a total value of $320,069.38. Following the sale, the senior vice president directly owned 38,570 shares of the company’s stock, valued at approximately $9,030,779.80. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Yuen Wupen sold 822 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total value of $212,865.12. Following the transaction, the insider directly owned 95,077 shares of the company’s stock, valued at approximately $24,621,139.92. The trade was a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 17,180 shares of company stock worth $4,551,380. 0.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Lumentum in the 4th quarter worth $28,000. Danske Bank A S bought a new stake in shares of Lumentum in the 3rd quarter worth about $33,000. Chesapeake Asset Management LLC purchased a new stake in shares of Lumentum during the 4th quarter valued at about $37,000. Finally, BOCHK Asset Management Ltd purchased a new position in Lumentum in the fourth quarter worth about $37,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 results beat expectations — EPS and revenue topped estimates, revenue grew ~65% Y/Y and management issued Q3 guidance above Street forecasts, underpinning the rally. LITE Q2 earnings beat (Zacks)
• Positive Sentiment: Citigroup raised its price target to $560 and put a Buy rating on LITE, signaling further upside from analysts keyed to the strong quarter. Citigroup raises LITE PT to $560
• Positive Sentiment: Rosenblatt lifted its target to $580 (Buy), and Mizuho raised its target to $525 (Outperform) — multiple firms boosting targets reinforces bullish professional sentiment. Rosenblatt raises PT to $580 (Benzinga)
• Positive Sentiment: B. Riley and Zacks moved Lumentum toward stronger ratings (B. Riley upgrade; Zacks Rank #1 Strong Buy), adding conviction from sell‑side and quant shops. B. Riley upgrades LITE (MSN)
• Positive Sentiment: Institutional interest noted — Fidelity highlighted Lumentum in its Growth Strategies fund commentary, indicating buy-side recognition of LITE’s growth profile. Fidelity mentions LITE (InsiderMonkey)
• Neutral Sentiment: Bank of America raised its target to $520 but kept a Neutral rating — supportive but less bullish than some peers, reflecting varied analyst assumptions on sustainability of growth. BofA raises PT to $520 (Benzinga)
• Neutral Sentiment: Earnings call and transcripts are available for details on product mix, supply and AI-driven demand; read management commentary for signals on sustainability of the beat. Q2 2026 earnings call transcript (Seeking Alpha)
• Negative Sentiment: One shop (Stifel) set a $480 target — below current levels — which could cap upside if momentum stalls or guidance disappoints. Stifel sets PT $480 (TickerReport)
• Negative Sentiment: Some published targets remain well below the current price (e.g., an earlier $362.94 figure), illustrating dispersion in analyst views and the risk of volatile reactions to any downside surprises. Price target $362.94 (MSN)

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.