8 Analysts Have This To Say About Lumentum Holdings
Portfolio Pulse from Benzinga Insights
Lumentum Holdings (NASDAQ:LITE) has received mixed analyst ratings over the past three months, with no changes in the last 30 days. The average 12-month price target is now $49.81, down from $52.57, with a high estimate of $55.00 and a low of $45.00. Analysts from firms including Needham, Susquehanna, Raymond James, Rosenblatt, Morgan Stanley, and B of A Securities have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Lumentum Holdings, a provider of optical and photonic products, has seen a -37.33% decline in revenue growth and faces challenges with market capitalization, net margin, ROE, ROA, and a high debt-to-equity ratio.
December 22, 2023 | 1:00 pm
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Analysts have mixed opinions on LITE, with a downward revision in the average price target to $49.81. The company is experiencing a significant revenue decline and financial challenges, including a high debt-to-equity ratio.
The downward revision in the average price target suggests that analysts are less optimistic about LITE's future stock performance. The reported revenue decline and financial challenges such as a high debt-to-equity ratio are likely to negatively impact investor sentiment in the short term, leading to potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100