StoneX initiated coverage of Lumentum with a Buy rating and a $1,200 price target, driving an 8% jump in Lumentum shares. This boost lifted other optical networking stocks like Applied Optoelectronics and Coherent by around 6%, signaling renewed investor interest in the AI optics sector after a recent decline. The rally reflects optimism about AI infrastructure spending, but sustained gains depend on actual order flows from customers. Investors are advised to remain cautious as funding for AI projects is still uncertain.
Following the surge in Lumentum shares after StoneX's coverage initiation, Lumentum (LITE) is up 9.91% at USD 831.13 on Pluang as of Oct 27, 2026 00:02 WIB. Applied Optoelectronics (AAOI) and Coherent (COHR) also show gains of 7.36% and 6.70%, trading at USD 72.48 and USD 223.31 respectively. These movements highlight active investor interest in AI-related technology stocks on Pluang, where typical hold times range from 8 to 10 days.
