Lumen Technologies (NYSE:LUMN) Price Target Raised to $9.00

Lumen Technologies (NYSE:LUMN) had its target price boosted by TD Cowen from $8.00 to $9.00 in a research report released on Wednesday,Benzinga reports. They currently have a hold rating on the technology company’s stock.

Several other brokerages have also recently weighed in on LUMN. The Goldman Sachs Group boosted their price objective on Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Zacks Research upgraded shares of Lumen Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. UBS Group boosted their price target on shares of Lumen Technologies from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lumen Technologies in a research note on Tuesday, April 21st. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Lumen Technologies in a report on Wednesday, February 4th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lumen Technologies presently has a consensus rating of “Reduce” and a consensus price target of $8.04.

Lumen Technologies Stock Performance

Shares of LUMN opened at $8.48 on Wednesday. The business’s fifty day moving average price is $7.48 and its two-hundred day moving average price is $8.06. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of -4.87 and a beta of 1.65. Lumen Technologies has a 52 week low of $3.37 and a 52 week high of $11.95.

Lumen Technologies (NYSE:LUMN) last released its earnings results on Tuesday, May 5th. The technology company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.34). The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.83 billion. The firm’s revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.13) EPS. As a group, research analysts forecast that Lumen Technologies will post -0.39 EPS for the current year.

Insider Activity at Lumen Technologies

In related news, Director Diankha Linear sold 45,000 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $7.89, for a total value of $355,050.00. Following the sale, the director directly owned 198,229 shares in the company, valued at $1,564,026.81. This trade represents a 18.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lumen Technologies

Several large investors have recently bought and sold shares of the company. Bessemer Group Inc. boosted its position in shares of Lumen Technologies by 15.5% during the third quarter. Bessemer Group Inc. now owns 7,209 shares of the technology company’s stock worth $43,000 after purchasing an additional 968 shares in the last quarter. Fifth Third Bancorp raised its stake in Lumen Technologies by 24.5% during the 3rd quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company’s stock worth $33,000 after buying an additional 1,051 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Lumen Technologies by 2.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 61,599 shares of the technology company’s stock worth $479,000 after acquiring an additional 1,230 shares in the last quarter. Xponance Inc. grew its stake in Lumen Technologies by 1.7% in the third quarter. Xponance Inc. now owns 75,686 shares of the technology company’s stock valued at $463,000 after acquiring an additional 1,273 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in Lumen Technologies by 10.5% in the third quarter. Arkadios Wealth Advisors now owns 14,154 shares of the technology company’s stock valued at $87,000 after acquiring an additional 1,340 shares during the period. Institutional investors own 66.19% of the company’s stock.

More Lumen Technologies News

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

• Positive Sentiment: Wells Fargo raised its price target on Lumen Technologies to $9 from $8, signaling modest upside and reinforcing investor interest in the stock. Benzinga
• Positive Sentiment: UBS also lifted its price target on Lumen, indicating expectations for stronger share price appreciation despite keeping a neutral rating. American Banking News
• Positive Sentiment: Investor focus remains on Lumen’s $13 billion in AI-driven PCF deals and growing network-as-a-service traction, which could support future revenue growth and improve sentiment. Zacks
• Neutral Sentiment: Lumen priced $1 billion of 7.500% senior notes due 2037, a financing move that should improve liquidity but also adds to interest expense and leverage. Business Wire
• Negative Sentiment: Recent coverage continues to highlight Lumen’s Q1 earnings miss, wider loss, and revenue decline, underscoring ongoing pressure on the company’s core fundamentals. Zacks
• Negative Sentiment: Zacks Research downgraded Lumen from strong-buy to hold, reflecting a more cautious stance after the stock’s recent run-up. Tickerreport

About Lumen Technologies

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.