JPMorgan Raises Lumentum Target to $950
Watch: Q3 earnings will test sustained AI investment; any margin pressure or missed guidance could challenge the current bullish outlook.
Full analysis
JPMorgan raised Lumentum's price target to $950 from $565 and reiterated an Overweight rating on April 9 due to new customer deals, expanding capacity, and rising AI demand. The company plans a new 240,000 sq ft optical device facility in Greensboro targeting AI data centers. Lumentum's earnings growth and margins are strong, helped by S&P 500 inclusion, though insider selling is notable at $26.6M.
Rising AI demand and capacity expansion signify a durable structural shift rather than a temporary cycle in optical networking, supporting sustained revenue and margin growth.
Evidence
7 older signals
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