B.Riley Financial Analyst Reiterates Buy Rating on Lumentum Holdings, LITE
Dave Kang analyst at B.Riley Financial reiterates coverage on Lumentum Holdings (LITE) in the Industrial Goods sector with a Buy rating. TipRanks.com has Kang rated as a 5 star analyst with a 67% return on investment and a 25.6% success rate. Kang has set a price target of $ 119.
TipRanks.com reports that Lumentum Holdings currently has 9 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $114.00. The target pricing ranges from a high forecast of $125.00 down to a low forecast of $94.00. Lumentum Holdings (LITE)’s last closing price was $$89.56 which would put the average price target at 27.29% upside.
In addition, TradingView issued a Buy rating for LITE over the next month, Barchart.com has a sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on LITE.
Other analysts covering LITE include:
- Christopher Rolland of Susquehanna issued a Buy rating with the price target of $ 110 on 2 days ago
- Alex Henderson of Needham issued a Buy rating with the price target of $ 125 on 2 days ago
- Simon Leopold of Raymond James issued a Buy rating with the price target of $ 118 on 2 days ago
- Michael Genovese of Rosenblatt Securities issued a Buy rating with the price target of $ 125 on 2 days ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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