Lumentum up; Bernstein initiates coverage with 'outperform'

Lumentum Holdings

30/09/2026 11:50

** Shares of photonic products maker Lumentum Holdings LITE.O marginally up 0.24% at $975.83 premarket
** Bernstein initiates coverage with "outperform" and $1,220 PT, implying about 25% upside to stock's last close
** Brokerage sees continued upside to transceiver pricing as data center switches move to higher speeds
** Average rating of 28 analysts is "buy"; median PT is $1,141 - data compiled by LSEG
** Up to last close, stock more than doubled YTD

 (Reporting by Anzar Mehraj in Bengaluru)
 ((Anzar.Mehraj@thomsonreuters.com;))