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 12, Christopher Rolland from Susquehanna maintained a Buy rating on Lumentum Holdings, with a price target of $120.00. The company’s shares closed last Thursday at $91.42.
According to TipRanks.com, Rolland is a top 100 analyst with an average return of 23.0% and a 75.3% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Raytheon Technologies, and NXP Semiconductors.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lumentum Holdings with a $115.09 average price target, a 26.1% upside from current levels. In a report issued on February 2, Raymond James also maintained a Buy rating on the stock with a $112.00 price target.
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