Lumentum Holdings Inc. (LITE)
NASDAQ: LITE · IEX Real-Time Price · USD
54.77
-0.73 (-1.32%)
At close: Jul 19, 2024, 4:00 PM
54.92
+0.15 (0.27%)
Pre-market: Jul 22, 2024, 7:18 AM EDT
Lumentum Holdings Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Lumentum Holdings stock have an average target of 53.09, with a low estimate of 38 and a high estimate of 70. The average target predicts a decrease of -3.07% from the current stock price of 54.77.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for LITE stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 4 | 4 | 4 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 4 | 4 | 4 | 3 | 3 | 3 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Buy Maintains $60 → $70 | Buy | Maintains | $60 → $70 | +27.81% | Jul 17, 2024 |
| Needham | Needham | Strong Buy Maintains $60 → $55 | Strong Buy | Maintains | $60 → $55 | +0.42% | May 20, 2024 |
| B. Riley Securities | B. Riley Securities | Hold Maintains $41 → $40 | Hold | Maintains | $41 → $40 | -26.97% | May 7, 2024 |
| Barclays | Barclays | Sell Maintains $40 → $38 | Sell | Maintains | $40 → $38 | -30.62% | May 7, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $62 → $57 | Buy | Maintains | $62 → $57 | +4.07% | Apr 11, 2024 |
Financial Forecast
Revenue This Year
1.38B
from 1.77B
Decreased by -21.96%
Revenue Next Year
1.53B
from 1.38B
Increased by 11.09%
EPS This Year
1.00
from -1.93
EPS Next Year
1.71
from 1.00
Increased by 70.28%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.4B | 1.7B | 2.2B | 2.3B |
| Avg | 1.4B | 1.5B | 2.0B | 2.2B |
| Low | 1.3B | 1.4B | 1.7B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -19.3% | 25.7% | 40.4% | 15.6% |
| Avg | -22.0% | 11.1% | 28.1% | 12.3% |
| Low | -25.6% | 1.4% | 10.9% | 7.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.09 | 2.36 | 4.69 | 3.92 |
| Avg | 1.00 | 1.71 | 3.74 | 3.80 |
| Low | 0.91 | 0.93 | 2.95 | 3.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 135.7% | 174.9% | 4.6% |
| Avg | - | 70.3% | 119.3% | 1.6% |
| Low | - | -7.1% | 72.8% | -2.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.