Lumentum Holdings Inc. (LITE)
NASDAQ: LITE · IEX Real-Time Price · USD
41.98
-1.33 (-3.07%)
At close: Apr 17, 2024, 4:00 PM
42.19
+0.21 (0.50%)
Pre-market: Apr 18, 2024, 5:30 AM EDT
Lumentum Holdings Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Lumentum Holdings stock have an average target of 51.69, with a low estimate of 40 and a high estimate of 65. The average target predicts an increase of 23.13% from the current stock price of 41.98.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for LITE stock from 14 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 5 | 5 | 5 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 5 | 4 | 4 | 4 | 4 | 4 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 14 | 14 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $62 → $57 | Buy | Maintains | $62 → $57 | +35.78% | Apr 11, 2024 |
| Raymond James | Raymond James | Buy Maintains $52 → $58 | Buy | Maintains | $52 → $58 | +38.16% | Apr 1, 2024 |
| Stifel | Stifel | Strong Buy Maintains $62 | Strong Buy | Maintains | $62 | +47.69% | Apr 1, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $63 → $62 | Buy | Maintains | $63 → $62 | +47.69% | Feb 9, 2024 |
| B. Riley Securities | B. Riley Securities | Hold Maintains $42 → $41 | Hold | Maintains | $42 → $41 | -2.33% | Feb 9, 2024 |
Financial Forecast
Revenue This Year
1.41B
from 1.77B
Decreased by -20.26%
Revenue Next Year
1.69B
from 1.41B
Increased by 19.59%
EPS This Year
1.11
from -1.93
EPS Next Year
2.48
from 1.11
Increased by 123.66%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.5B | 1.9B | 2.3B |
| Avg | 1.4B | 1.7B | 2.0B |
| Low | 1.3B | 1.5B | 1.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -16.8% | 33.6% | 37.7% |
| Avg | -20.3% | 19.6% | 15.9% |
| Low | -24.6% | 5.2% | 2.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.41 | 2.99 | 5.22 |
| Avg | 1.11 | 2.48 | 4.15 |
| Low | 0.96 | 1.66 | 3.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 170.4% | 110.8% |
| Avg | - | 123.7% | 67.7% |
| Low | - | 49.7% | 30.7% |
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.