Rosenblatt Maintains Neutral on Lumentum Holdings, Raises Price Target to $67
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Mike Genovese maintains a Neutral rating on Lumentum Holdings (NASDAQ:LITE) and raises the price target from $48 to $67.
June 21, 2023 | 11:12 am
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NEUTRAL IMPACT
Rosenblatt analyst Mike Genovese maintains a Neutral rating on Lumentum Holdings and raises the price target from $48 to $67.
The news of Rosenblatt maintaining a Neutral rating on Lumentum Holdings and raising the price target from $48 to $67 indicates that the analyst sees potential growth in the stock. However, the Neutral rating suggests that the stock may not outperform the market in the short term. This news is highly relevant to LITE as it directly pertains to the company's stock price and is important for investors to consider. The confidence in this analysis is high as it is based on the opinion of a professional analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100