Needham Reiterates Buy on Lumentum Holdings, Maintains $59 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Alex Henderson has reiterated a 'Buy' rating on Lumentum Holdings (NASDAQ:LITE) and maintained a price target of $59.
August 18, 2023 | 10:14 am
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Needham analyst Alex Henderson has reiterated a 'Buy' rating on Lumentum Holdings and maintained a price target of $59.
The reiteration of a 'Buy' rating by a Needham analyst and the maintenance of a $59 price target indicates a positive outlook for Lumentum Holdings. This could potentially lead to an increase in investor confidence and a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100