Meta Marshall analyst at Morgan Stanley reiterates coverage on Lumentum Holdings (LITE) in the Industrial Goods sector with a Hold rating. TipRanks.com has Marshall rated as a 3.8 star analyst with a 59% return on investment and a 6.1% success rate. Marshall has set a price target of $ 94.
TipRanks.com reports that Lumentum Holdings currently has 9 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $113.50. The target pricing ranges from a high forecast of $125.00 down to a low forecast of $94.00. Lumentum Holdings (LITE)’s last closing price was $$82.12 which would put the average price target at 38.21% upside.
In addition, TradingView issued a Sell rating for LITE over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on LITE.
Other analysts covering LITE include:
- Thomas O'Malley of Barclays issued a Buy rating with the price target of $ 100 on 1 week ago
- Richard Shannon of Craig-Hallum issued a Buy rating with the price target of $ 115 on 2 weeks ago
- Michael Genovese of Rosenblatt Securities issued a Buy rating with the price target of n/a on 3 weeks ago
- Simon Leopold of Raymond James issued a Buy rating with the price target of $ 114 on 1 month ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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