TD Cowen Raises Lumentum (NASDAQ:LITE) Price Target to $875.00

10 Apr 2026, 13:17 by Danessa Lincoln · The Markets Daily

Lumentum (NASDAQ:LITE – Get Free Report) had its target price boosted by investment analysts at TD Cowen from $675.00 to $875.00 in a research report issued on Friday,MarketScreener reports. The firm currently has a “hold” rating on the technology company’s stock. TD Cowen’s price objective would suggest a potential downside of 2.14% from the stock’s current price.

A number of other research firms have also recently weighed in on LITE. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Needham & Company LLC lifted their price objective on shares of Lumentum to $850.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Susquehanna boosted their target price on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a research report on Wednesday, February 4th. Stifel Nicolaus raised their price target on shares of Lumentum to $800.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lumentum to $950.00 and gave the stock an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $629.44.

Get Our Latest Report on LITE

Lumentum Price Performance

LITE stock opened at $894.13 on Friday. The company has a market cap of $63.84 billion, a PE ratio of 274.27 and a beta of 1.38. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $661.08 and a two-hundred day moving average price of $408.57. Lumentum has a 12-month low of $49.13 and a 12-month high of $960.00.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The business’s quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, research analysts predict that Lumentum will post 0.03 EPS for the current year.

Insider Transactions at Lumentum

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the sale, the chief financial officer directly owned 66,287 shares in the company, valued at $45,812,934.31. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Penny Herscher sold 4,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total value of $2,389,160.00. Following the completion of the sale, the director directly owned 2,057 shares in the company, valued at $1,228,625.53. This represents a 66.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 65,775 shares of company stock worth $38,851,343 in the last three months. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lumentum

Several hedge funds and other institutional investors have recently bought and sold shares of LITE. Vanguard Group Inc. boosted its position in shares of Lumentum by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after purchasing an additional 41,975 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lumentum by 18.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock worth $683,661,000 after purchasing an additional 291,591 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lumentum by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after purchasing an additional 123,265 shares in the last quarter. Situational Awareness LP lifted its stake in Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after purchasing an additional 880,800 shares during the last quarter. Finally, Norges Bank bought a new stake in Lumentum during the fourth quarter worth approximately $474,495,000. 94.05% of the stock is currently owned by institutional investors.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Multiple outlets report a massive order backlog tied to AI and data‑center buildouts that management says will fill orders through 2028 — this is the primary growth driver lifting sentiment. Lumentum (LITE) stock rallies as Wall Street raises price targets on multi-year demand
Positive Sentiment: Wall Street has been upping ratings/targets (JPMorgan to $950 OW, Mizuho to $930, BNP Paribas to $1,040), which supports further upside and likely funded the pre‑market and intraday buying. Lumentum (LITE) Among the Best Performing Blue Chip Stocks
Positive Sentiment: Newsflow ties Lumentum to the broader AI hardware rally (mentions alongside Nvidia, Coherent), amplifying momentum as investors rotate into AI supply‑chain names. These Stocks Are Today’s Movers
Neutral Sentiment: Coverage highlights Lumentum’s historic multi‑year return and record highs; media attention can attract retail flows but also invites profit‑taking. Lumentum’s 1,500% Run and Nvidia’s $2 Billion Deal
Neutral Sentiment: Analyst upgrades (reported by American Banking News and others) are driving short‑term momentum but increase sensitivity to future quarterly execution. Lumentum (NASDAQ:LITE) Trading Up 9.8% Following Analyst Upgrade
Negative Sentiment: A convertible‑note swap converted ~$474.6M of debt into ~5.7M shares — that reduces leverage but dilutes equity, a near‑term overhang for EPS. Lumentum swaps convertible notes for shares
Negative Sentiment: After an outsized run (1000%+ multi‑year), some analysts and commentators warn a pause or pullback is possible; 247WallStreet suggests a lower near‑term target, flagging valuation risk. Lumentum Up 109.52% Year to Date but Our $763.38 Target Says Pause Here
Negative Sentiment: Fundamentals and balance‑sheet signals (high P/E, low current/quick ratios) make the name sensitive to any execution miss or macro tightening. Lumentum Stock Gains as Wall Street Raises Targets

Lumentum Company Profile

(Get Free Report)

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.