Where Lumentum Holdings Stands With Analysts
Portfolio Pulse from Benzinga Insights
Analysts have provided various ratings for Lumentum Holdings (NASDAQ:LITE) within the last quarter, with 2 bullish, 4 somewhat bullish, 5 indifferent, and 1 somewhat bearish. The average 12-month price target for Lumentum Holdings is $53.33, a 10.28% decrease from the previous average price target of $59.44.
July 05, 2023 | 12:01 pm
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NEGATIVE IMPACT
Analysts' ratings for Lumentum Holdings are mixed, with the average 12-month price target being $53.33, a decrease from the previous target. This could potentially impact the stock's performance.
The decrease in the average 12-month price target for Lumentum Holdings indicates a less optimistic outlook from analysts, which could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100