Lumentum (LITE) Stock Forecast & Price Target $66.16 +1.16 (+1.78%) (As of 10/3/2024 ET) Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Lumentum - Analysts' Recommendations and Stock Price Forecast (2024) How MarketBeat Calculates Price Target and Consensus Rating MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data. Consensus Rating HoldBased on 13 Analyst RatingsSell2Hold3Buy8 Based on 13 Wall Street analysts who have issued ratings for Lumentum in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 2 have given a sell rating, 3 have given a hold rating, and 8 have given a buy rating for LITE. Consensus Price Target $59.08-10.71% Downside According to the 13 analysts' twelve-month price targets for Lumentum, the average price target is $59.08. The highest price target for LITE is $70.00, while the lowest price target for LITE is $40.00. The average price target represents a forecasted downside of -10.71% from the current price of $66.16. Get the Latest News and Ratings for LITE and Related Stocks Enter your email address to receive the latest news and analysts' ratings for Lumentum and its competitors. Enter your email to sign up for newsletter Sign Up LITE Analyst Ratings Over TimeTypeCurrent Forecast10/5/23 to 10/4/241 Month Ago9/5/23 to 9/4/243 Months Ago7/7/23 to 7/6/241 Year Ago10/5/22 to 10/5/23Strong Buy0 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)Buy8 Buy rating(s)8 Buy rating(s)7 Buy rating(s)6 Buy rating(s)Hold3 Hold rating(s)3 Hold rating(s)3 Hold rating(s)5 Hold rating(s)Sell2 Sell rating(s)2 Sell rating(s)2 Sell rating(s)2 Sell rating(s)Consensus Price Target$59.08$59.08$52.25$54.90Forecasted Upside-10.71% Downside6.58% Upside-5.60% Downside31.94% UpsideConsensus RatingHoldHoldHoldHold NOTICE: You have until Tuesday, November 19th (Ad)On Tuesday, November 19, 2024 smart investors will collect their share of a $1.2 billion windfall... It's part of a unique strategy which has nothing to do with risky investments like options, cryptos or forex. And while it might sound crazy...Click here for the ticker >>> LITE Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.Skip Chart & View Analyst Rating History LITE Price Targets by MonthAverage Share Price and Price Target by Month Chart DescriptionThe chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table Lumentum Stock vs. The CompetitionTypeLumentumComputer and Technology CompaniesS&P 500Consensus Rating Score 2.46 2.65 2.50Consensus RatingHoldModerate BuyHoldPredicted Upside-10.71% Downside1,291.79% Upside7.73% UpsideNews Sentiment RatingPositive NewsSee Recent LITE NewsPositive NewsPositive News Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export to Excel DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails8/16/2024Northland Securities4 of 5 stars Boost TargetMarket Perform ➝ Market Perform$40.00 ➝ $45.00-16.29%8/15/2024Bank of America4 of 5 stars Boost TargetUnderperform ➝ Underperform$45.00 ➝ $50.00-3.14%8/15/2024Jefferies Financial Group2 of 5 stars Boost TargetBuy ➝ Buy$53.00 ➝ $65.00+24.81%8/15/2024BarclaysSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetUnderweight ➝ Underweight$38.00 ➝ $40.00-22.56%8/15/2024Morgan StanleySubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetEqual Weight ➝ Equal Weight$50.00 ➝ $54.00+4.55%8/15/2024Craig HallumSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetBuy ➝ Buy$65.00 ➝ $70.00+35.53% Get the Latest News and Ratings for LITE and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Lumentum and its competitors with MarketBeat's FREE daily newsletter. 8/15/2024B. RileySubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetNeutral ➝ Neutral$40.00 ➝ $50.00+9.82%8/15/2024Rosenblatt SecuritiesSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetBuy ➝ Buy$65.00 ➝ $69.00+51.55%8/15/2024Needham & Company LLCSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetBuy ➝ Buy$65.00 ➝ $70.00+53.74%8/12/2024JPMorgan Chase & Co.Subscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOverweight ➝ Overweight$57.00 ➝ $65.00+44.48%7/17/2024SusquehannaSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetPositive ➝ Positive$60.00 ➝ $70.00+18.46%4/1/2024Raymond JamesSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOutperform ➝ Outperform$51.50 ➝ $58.00+22.39%4/1/2024Stifel NicolausSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingBuy ➝ Buy$62.00+30.01%8/18/2023UBS GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetNeutral ➝ Neutral$48.00 ➝ $49.00+6.06%5/10/2023Loop CapitalSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower Target$78.00 ➝ $55.00+19.59%11/9/2022Susquehanna BancsharesSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower Target$100.00 ➝ $85.00+44.07%Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:31 AM ET. LITE Forecast - Frequently Asked Questions What is Lumentum's forecast for 2024? According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Lumentum is $59.08, with a high forecast of $70.00 and a low forecast of $40.00. Should I buy or sell Lumentum stock right now? 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 2 sell ratings, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LITE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LITE, but not buy additional shares or sell existing shares. Does Lumentum's stock price have much downside? According to analysts, Lumentum's stock has a predicted downside of -10.71% based on their 12-month stock forecasts. What analysts cover Lumentum? Lumentum has been rated by research analysts at B. Riley, Bank of America, Barclays, Craig Hallum, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Northland Securities, Rosenblatt Securities, and Susquehanna in the past 90 days. Do Wall Street analysts like Lumentum more than its competitors? Analysts like Lumentum less than other "computer and technology" companies. The consensus rating for Lumentum is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how LITE compares to other companies. 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