Stifel reaffirmed its Buy rating for Lumentum Holdings Inc. The firm set a price target of $1,100.
Nvidia materially increased its demand for ultra-high-power lasers for the December quarter. Stifel analysts confirmed this trend following a meeting with Lumentum’s CEO at the ECOC 2026 conference.
Mizuho recently raised its price target for the stock to $1,140. Evercore ISI initiated coverage with an Outperform rating and an $1,100 price target. Rosenblatt Securities also maintained its Buy rating.
Analysts view Lumentum’s photonic solutions as essential components for increasingly complex AI networking infrastructure.