Lumentum Holdings shares are trading higher. Rosenblatt maintained a Buy rating and raised its price target from $60 to $65.
Portfolio Pulse from Benzinga Newsdesk
Lumentum Holdings' stock is trading higher after Rosenblatt maintained a Buy rating on the company and increased its price target from $60 to $65.
February 09, 2024 | 6:59 pm
News sentiment analysis
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POSITIVE IMPACT
Lumentum Holdings' stock price is positively impacted by Rosenblatt's maintained Buy rating and increased price target from $60 to $65.
The increase in price target by a reputable analyst firm like Rosenblatt signals confidence in Lumentum Holdings' future performance. This typically leads to positive investor sentiment and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100