Northland Securities analyst Tim Savageaux maintained a Buy rating on Lumentum Holdings (LITE) today and set a price target of $71.25. The company’s shares closed on Friday at $53.41.
According to TipRanks.com, Savageaux is a 2-star analyst with an average return of 0.5% and a 45.7% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Applied Optoelectronics.
Currently, the analyst consensus on Lumentum Holdings is a Strong Buy with an average price target of $67.32.
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The company has a one-year high of $69.95 and a one-year low of $37. Currently, Lumentum Holdings has an average volume of 1.61M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.
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Lumentum Holdings, Inc. engages in the manufacture of optical and photonic products enabling optical networking and commercial laser. It operates through the Optical Communications (OpComms) and Commercial Lasers business segments. The OpComms segment includes modules and subsystems to support and maintain customers in the Telecom and Datacom markets.
