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Lumentum Holdings Inc . (NASDAQ:LITE) stock reached a significant milestone, hitting a 52-week high at 104.01 USD, with InvestingPro data showing the stock has surged nearly 172% from its 52-week low of $38.28. This achievement marks a notable recovery and growth trajectory for the company, as the stock has experienced a remarkable 87.39% increase over the past year. While the surge reflects investor confidence, InvestingPro analysis suggests the stock is currently trading above its Fair Value, with analysts setting price targets between $73-$123. The company maintains strong liquidity with a current ratio of 4.72. This 52-week high is a testament to the company’s resilience and ability to capitalize on market opportunities, positioning it favorably in the technology sector. Discover 10+ additional exclusive insights and detailed analysis in the comprehensive Pro Research Report, available with an InvestingPro subscription.
In other recent news, Lumentum has updated its financial outlook, leading to several adjustments in analyst price targets. The company has increased its revenue guidance for the fourth quarter of fiscal year 2025 to a range of $465 million to $475 million. Lumentum anticipates reaching a $500 million revenue target by the first quarter of fiscal year 2026, a quarter earlier than previously expected. Analysts at JPMorgan have raised their price target for Lumentum to $100, citing stronger telecom data center interconnect demand and a faster ramp in datacom products. Needham analysts also increased their price target to $105, reflecting confidence in Lumentum’s accelerated revenue targets. Stifel analysts have followed suit, raising their price target to $100, driven by Lumentum’s improved execution and the accelerated timeline for reaching revenue milestones. Meanwhile, UBS has maintained a neutral rating with a price target of $78, noting that the market may have already anticipated the revenue upside. These developments highlight the positive financial outlook and broad-based strength across Lumentum’s business segments.
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