top of page
Rosenblatt Boosts Lumentum Price Target To $225, Keeps Buy Rating
Rosenblatt Securities raised its price target on Lumentum (NASDAQ: LITE) to $225 from $150 while maintaining a Buy rating, reaffirming the stock as its top idea for 2025.
The firm said its new valuation was based on 35x consensus FY27 EPS, supported by strong momentum in demand for 200G EML lasers used in 1.6T and certain 800G data center transceivers, as well as narrow linewidth tunable lasers used in telecom and coherent DCI modules.
Rosenblatt added that mid-term demand drivers such as optical circuit switches and ultra-high-power lasers for co-packaged optics were building nine-figure order books and already shipping in smaller volumes, further strengthening the company’s outlook.
Want to know when to buy this stock? Download the Stocks 2 Buy app or try the Web version
Forecast your chosen stock price with the Stock Sentiment Map.
Comments
Share Your ThoughtsBe the first to write a comment.
bottom of page