Lumentum (LITE)
(Real Time Quote from BATS)
$60.94 USD
-0.29 (-0.47%)
Updated Sep 24, 2024 02:40 PM ET
3-Hold of 5 3
D Value C Growth F Momentum F VGM
Lumentum (LITE) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Downside to Average Price Target |
---|---|---|---|
$59.73 | $80.00 | $40.00 | -2.45% |
Price Target
Based on short-term price targets offered by 15 analysts, the average price target for Lumentum comes to $59.73. The forecasts range from a low of $40.00 to a high of $80.00. The average price target represents a decline of 2.45% from the last closing price of $61.23.
Analyst Price Targets (15)
Broker Rating
Lumentum currently has an average brokerage recommendation (ABR) of 2.13 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 15 brokerage firms. The current ABR compares to an ABR of 2.13 a month ago based on 15 recommendations.
Of the 15 recommendations deriving the current ABR, seven are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 46.67% and 13.33% of all recommendations. A month ago, Strong Buy made up 46.67%, while Buy represented 13.33%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 7 | 7 | 7 | 7 | 7 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 4 | 4 | 4 | 4 | 4 |
Sell | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 1 | 1 | 1 | 1 | 1 |
ABR | 2.13 | 2.13 | 2.13 | 2.13 | 2.13 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
8/16/2024 | Northland Capital Markets | Tim Savageaux | Hold | Hold |
8/15/2024 | Craig-Hallum | Richard C Shannon | Strong Buy | Strong Buy |
8/15/2024 | Rosenblatt Securities | Michael E Genovese | Strong Buy | Strong Buy |
8/15/2024 | B. Riley Securities | Dave Kang | Hold | Hold |
8/15/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
8/15/2024 | Not Identified | Not Identified | Strong Sell | Strong Sell |
8/14/2024 | Raymond James | Simon M Leopold | Moderate Buy | Moderate Buy |
8/14/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
7/17/2024 | Susquehanna Financial Group | Christopher Rolland | Strong Buy | Strong Buy |
5/20/2024 | Needham & Company | Bruce A Henderson | Moderate Buy | Moderate Buy |
5/6/2024 | UBS | David Vogt | Hold | Hold |
2/16/2024 | Loop Capital Markets | Ananda P Baruah | Strong Buy | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 2.13 |
ABR (Last week) | 2.13 |
# of Recs in ABR | 15 |
Average Target Price | $59.73 |
LT Growth Rate | 57.20% |
Industry | Lasers Systems and Components |
Industry Rank by ABR | 225 of 253 |
Current Quarter EPS Est: | 0.13 |
LITE FAQs
Lumentum Holdings Inc. (LITE) currently has an average brokerage recommendation (ABR) of 2.13 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 15 brokerage firms.
The average price target for Lumentum Holdings Inc. (LITE) is $59.73. The current on short-term price targets is based on 8 reports.
The forecasts for Lumentum Holdings Inc. (LITE) range from a low of $40 to a high of $80. The average price target represents a decline of $2.45 from the last closing price of $61.23.
The current DOWNSIDE for Lumentum Holdings Inc. (LITE) is 2.45%
Based on short-term price targets offered by 15 analysts, the average price target for Lumentum comes to $59.73. The forecasts range from a low of $40.00 to a high of $80.00. The average price target represents a decline of 2.45% from the last closing price of $61.23.