Lumentum Analysts Boost Their Forecasts Following Earnings Beat
Portfolio Pulse from Avi Kapoor
Lumentum Holdings Inc. (NASDAQ:LITE) reported better-than-expected Q4 earnings and issued strong Q1 revenue guidance. Analysts have raised their price targets following the earnings beat.
August 15, 2024 | 12:58 pm
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Lumentum Holdings Inc. reported better-than-expected Q4 earnings and issued strong Q1 revenue guidance. Analysts have raised their price targets following the earnings beat.
Lumentum's better-than-expected Q4 earnings and strong Q1 guidance indicate positive business momentum. Analysts raising their price targets further supports a bullish short-term outlook.
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