Expert Outlook: Lumentum Holdings Through The Eyes Of 12 Analysts
Portfolio Pulse from Benzinga Insights
Lumentum Holdings (NASDAQ:LITE) has received mixed ratings from 12 analysts over the past three months, with a recent average price target of $58.58. Analysts have raised their price targets, reflecting a positive outlook despite the company's recent financial challenges, including a 15.88% decline in revenue and negative profitability metrics.
August 16, 2024 | 3:01 pm
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Lumentum Holdings has received mixed ratings from analysts, with a recent average price target of $58.58. Analysts have raised their price targets, indicating a positive outlook despite the company's recent financial challenges, including a 15.88% decline in revenue and negative profitability metrics.
The majority of analysts have raised their price targets for Lumentum Holdings, indicating a positive outlook. This is despite the company's recent financial challenges, including a significant decline in revenue and negative profitability metrics. The raised price targets suggest that analysts believe the company has potential for recovery and growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100