Northland Raises its Price Target on Lumentum (LITE) to $1,000

Lumentum Holdings Inc. (NASDAQ:LITE) is one of the 10 Best Edge Computing Stocks to Buy Right Now.

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.

Northland Raises its Price Target on Lumentum (LITE) to $1,000

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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.

While we acknowledge the risk and potential of LITE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LITE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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