Needham Maintains Buy on Lumentum Holdings, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson maintains a Buy rating on Lumentum Holdings (NASDAQ:LITE) but lowers the price target from $60 to $55.
May 20, 2024 | 9:36 am
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Needham analyst Alex Henderson maintains a Buy rating on Lumentum Holdings but lowers the price target from $60 to $55.
The maintained Buy rating suggests continued confidence in Lumentum Holdings' performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100