Rosenblatt Maintains Buy Recommendation for Lumentum Holdings (LITE)
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TL;DR
Rosenblatt maintains a Buy rating on Lumentum Holdings with a $232.97 price target, projecting strong revenue growth and a bullish outlook based on fund positions and put/call ratio.
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Lumentum HoldingsBuy RecommendationPrice TargetRevenue GrowthBullish Outlook
Rosenblatt maintains Lumentum Holdings (LITE) with a Buy recommendation. The average one-year price target is $232.97/share, an 8.85% decrease from the latest closing price. The projected annual revenue is $2.69 billion, up 46.04%, and non-GAAP EPS is $9.30. There are 1,005 funds reporting positions in LITE, with an average portfolio weight of 0.35%. The put/call ratio is 0.88, indicating a bullish outlook.
