Jefferies analyst Blayne Curtis increased the price target for Lumentum from $1,200 to $1,250, reflecting optimism about the optics sector ahead of earnings reports. Lumentum, which produces optical products for communication networks, saw its stock rise 4% to $856.18. The new target suggests a potential 52% upside from the current share price of $822.51. The optics industry, including companies like Applied Optoelectronics and Coherent, is gaining investor attention due to growth linked to the technology boom, though specific financial details were not disclosed.
Lumentum trades at USD 853.70 on Pluang, up 3.79% as of Oct 21, 2026 21:23 WIB. Applied Optoelectronics and Coherent also rose, gaining 1.58% and 1.75% respectively. Lumentum's market cap stands at $74.51B, with a 73% sell order activity on Pluang, showing mixed investor sentiment in the optics sector.
Several of the worst-performing stocks in the Nasdaq 100 last week, including Lumentum and Sandisk, saw rebounds on Monday. However, CoreWeave continued to decline, dragging down parts of the AI industry with it. This divergence highlights ongoing vo...
Optics stocks including Applied Optoelectronics, Lumentum, and Coherent rose between 2% and 5% ahead of their November earnings reports, driven by strong demand for AI-related optical components. Lumentum's CEO highlighted multiyear sell-out conditio...
