Analyst Expectations for Lumentum Holdings's Future
Portfolio Pulse from Benzinga Insights
Lumentum Holdings (NASDAQ:LITE) has received mixed analyst ratings in the last quarter, with 2 bullish, 3 somewhat bullish, 4 indifferent, and 2 somewhat bearish. The average price target is $54.09, representing an upside from the current price of $51.89. However, this average is a 7.43% decrease from the previous average price target of $58.43.
July 25, 2023 | 12:00 pm
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Mixed analyst ratings for Lumentum Holdings could lead to uncertainty among investors. The average price target suggests an upside, but the decrease from the previous target may be a concern.
The mixed analyst ratings for Lumentum Holdings indicate differing opinions about the company's future performance. While the average price target suggests potential for growth, the decrease from the previous target may cause some investors to be cautious. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100