Rosenblatt Raises Lumentum (LITE) Price Target, Keeps Buy Rating

On Wednesday, June 4, Rosenblatt analysts raised the price target on Lumentum Holdings Inc. (NASDAQ:LITE) from $94 to $105 and reiterated a “Buy” rating.

The increased price target reflects better gross margins in Lumentum Holdings Inc.’s (NASDAQ:LITE) 800G transceiver segment, driven by vertical integration and the launch of new products.

Rosenblatt Raises Lumentum (LITE) Price Target, Keeps Buy Rating

A close-up of a technician calibrating a laser beam.

Rosenblatt analysts have a positive outlook for the company’s financial performance in the future. The analysts increased the firm’s earnings per share estimates for Lumentum Holdings Inc. (NASDAQ:LITE). For fiscal year 2025, they now forecast EPS of $1.98, up from the previous $1.91. For fiscal year 2026, the firm’s estimate has been raised to $4.18 per share, up from $3.76.

Lumentum Holdings Inc. (NASDAQ:LITE) designs and manufactures innovative optical and photonic products enabling cloud, optical networking, and laser applications. The company specializes in delivering critical optical solutions that enable high-speed, data-intensive connectivity in the modern era of AI/ML.

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