Susquehanna Maintains Positive Rating for Lumentum Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Susquehanna has maintained its Positive rating for Lumentum Holdings (NASDAQ:LITE) but lowered its price target from $55.00 to $45.00. Lumentum's shares are currently trading at $37.63, meaning the new target price would represent a 19.59% increase.
October 24, 2023 | 5:00 pm
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POSITIVE IMPACT
Susquehanna has maintained its Positive rating for Lumentum Holdings but lowered its price target. This could potentially lead to a short-term increase in the stock's price.
Analyst ratings and price targets can significantly influence a stock's price. In this case, despite the lowered price target, the maintained Positive rating indicates that Susquehanna still sees potential in Lumentum Holdings. This could lead to increased investor confidence and a short-term increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100