Lumentum (LITE) stock is up today after StoneX started coverage of the optical components maker with a Buy rating and a $1,200 price target. Analyst Cody Acree wrote that management says expected demand for near-packaged optics has moved forward to late 2027 or early 2028, from late 2028 or late 2029.
As of 11:39 AM ET, Lumentum was up 9.3% at $826.61, while the S&P 500 was up 0.9%.
StoneX’s $1,200 target is above the stock’s 52-week intraday high of $1,143, set on October 9
Acree says Lumentum can participate through its lasers, light-source assemblies and optical engines
StoneX also started rival Coherent (COHR) at Buy with a $425 price target, and Coherent stock was up about 6% as of 11:39 AM ET
Even after today’s jump, Lumentum’s $826.61 price as of 11:39 AM ET was nearly 28% below that October high. It dropped 11.5% on October 22, the same day CoreWeave and IREN stock closed at 2026 lows.
More stock moves are on our stocks page.
The next test comes November 5, when Lumentum reports quarterly results after the close.
Get charts like this every morning. Join 200K+ investors on our free morning briefing. Get high-conviction stock ideas in your inbox. Upgrade to Best Ideas Club.
