Evaluating Lumentum Holdings: Insights From 12 Financial Analysts
Portfolio Pulse from Benzinga Insights
Lumentum Holdings (NASDAQ:LITE) has been evaluated by 12 analysts over the past three months, with ratings ranging from bullish to bearish. The average 12-month price target has increased to $60.67, with a high of $80.00 and a low of $40.00. Analysts have raised their ratings and price targets, reflecting a positive sentiment shift. However, Lumentum faces financial challenges, including a -16.86% revenue decline, negative net margin, and high debt-to-equity ratio.
October 21, 2024 | 2:01 pm
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Lumentum Holdings has received positive sentiment from analysts, with raised ratings and price targets. The average price target is now $60.67, up from $53.58. However, the company faces financial challenges, including a -16.86% revenue decline and high debt-to-equity ratio.
Analysts have shown increased confidence in Lumentum Holdings by raising ratings and price targets, indicating a positive short-term outlook. However, the company's financial challenges, such as declining revenue and high debt, may limit the upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100