Assessing Lumentum Holdings: Insights From 12 Financial Analysts
Portfolio Pulse from Benzinga Insights
Lumentum Holdings (NASDAQ:LITE) has received diverse analyst ratings over the past three months, with a mix of bullish and bearish outlooks. Analysts have raised their 12-month price targets, with an average target of $59.83, up from $52.75. Despite this, Lumentum faces financial challenges, including a decline in revenue, low net margins, and high debt-to-equity ratio.
October 04, 2024 | 9:02 pm
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Lumentum Holdings has received mixed analyst ratings, with several analysts raising their price targets. The average 12-month price target is now $59.83, indicating a positive outlook despite financial challenges such as declining revenue and high debt.
The mixed analyst ratings and raised price targets suggest a cautiously optimistic outlook for Lumentum Holdings. However, the company's financial challenges, including a significant revenue decline and high debt levels, may offset the positive sentiment from analysts. This results in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100