10 Best Edge Computing Stocks to Buy Right Now

8. Lumentum Holdings Inc. (NASDAQ:LITE)

On April 20, 2026, Northland analyst Tim Savageaux raised the price target on Lumentum Holdings Inc. (NASDAQ:LITE) to $1,000 from $775 and maintained an Outperform rating, citing accelerating demand for AI optical connectivity and higher estimates across suppliers exposed to the trend.

Meanwhile, Morgan Stanley raised its price target on Lumentum Holdings Inc. (NASDAQ:LITE) to $710 from $595 and kept an Equal Weight rating. The firm noted continued strength in optical stocks and said it does not expect enthusiasm for the group to “wane just yet,” as the bullish case remains intact.

Earlier in the month, JPMorgan raised its price target on Lumentum Holdings Inc. (NASDAQ:LITE) to $950 from $565 and maintained an Overweight rating after the company’s investor briefing. The firm pointed to stronger-than-expected forward visibility across growth drivers, supported by new customer agreements and capacity expansions that reinforce confidence in its financial outlook.

Lumentum Holdings Inc. (NASDAQ:LITE) manufactures and sells optical and photonic products globally.