The Latest Analyst Ratings for Lumentum Holdings
Portfolio Pulse from Benzinga Insights
Lumentum Holdings (NASDAQ:LITE) received a mix of analyst ratings in the last quarter, with 5 bullish, 6 somewhat bullish, 4 indifferent, and 1 somewhat bearish. The average 12-month price target among 16 analysts is $51.88, which is a 5.55% decrease from the previous target of $54.93. The high target is $62.00 and the low is $45.00.
November 13, 2023 | 12:00 pm
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NEGATIVE IMPACT
Lumentum Holdings has a diverse range of analyst ratings, with a new average price target suggesting a slight decrease in expected future stock price.
The average price target for LITE has decreased, which may lead to a negative perception among investors and could result in a short-term decline in the stock price. Analyst ratings are influential as they are based on detailed analysis and can affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100