There’s a lot to be optimistic about in the Conglomerates sector as 1 analysts just weighed in on and Lumentum Holdings (LITE) with bullish sentiments.
Lumentum Holdings (LITE)
In a report issued on February 15, Tim Savageaux from Northland Securities maintained a Buy rating on Lumentum Holdings, with a price target of $130.00. The company’s shares closed last Friday at $91.74.
According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 26.8% and a 67.5% success rate. Savageaux covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Applied Optoelectronics, and Communications Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lumentum Holdings with a $116.00 average price target, a 24.6% upside from current levels. In a report issued on February 2, Susquehanna also reiterated a Buy rating on the stock with a $120.00 price target.
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