Several other research firms also recently weighed in on LITEV. Stifel Nicolaus reaffirmed a buy rating and issued a $42.00 price objective (up previously from $31.00) on shares of Lumentum Holdings in a report on Thursday, August 11th. Barclays PLC reaffirmed an underweight rating and issued a $30.00 price objective (up previously from $23.00) on shares of Lumentum Holdings in a report on Thursday, August 11th. Needham & Company LLC reaffirmed a strong-buy rating on shares of Lumentum Holdings in a report on Tuesday, July 26th. Finally, MKM Partners reaffirmed a buy rating and issued a $32.00 price objective (up previously from $28.00) on shares of Lumentum Holdings in a report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $30.94.
Lumentum Holdings (NASDAQ:LITEV) remained flat at $23.45 during midday trading on Wednesday. Lumentum Holdings has a 52-week low of $17.00 and a 52-week high of $26.88. The firm’s 50-day moving average is $20.13 and its 200-day moving average is $20.13.
Lumentum Holdings Company Profile
Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).
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